Yahoo surprised, remains open to Asia deals: source

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February 14, 2012 8:21 PM GMT

Yahoo Inc was surprised that its Asian partners, China's Alibaba and Japan's Softbank Corp, were walking away from negotiations on a tax-free sale of Yahoo's Asian assets and remained open to talks on other deals, a source told Reuters on Tuesday.

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The once-dominant U.S. Internet giant remained open to alternative deal structures, including a taxable transaction, the source added.

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Yahoo had not been informed that the original, proposed deal -- a so-called tax-free or cash-rich split-off -- was officially dead, the source said, on condition of anonymity.

(Reporting By Alexei Oreskovic; Editing by Gerald E. McCormick)

Copyright 2012 Thomson Reuters. All rights reserved.

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