Summary Box: Alibaba to reach out to Yahoo CEO

REACHING OUT: Alibaba Group and Japan’s Softbank will go directly to Yahoo’s chief executive and bypass negotiators from the U.S. Internet company after talks over the sale of Yahoo’s Asian holdings broke down, according to an Associated Press report.

THE DETAILS: Yahoo wants to appease shareholders by selling its Asian holdings to raise money for dividends or possible acquisitions. But a complicated deal that would have enabled Yahoo to escape taxes fell apart.

BIGGER PICTURE: It’s the latest twist in the drama that has been swirling around Yahoo since it fired Carol Bartz as CEO five months ago.