Deal Talks Between Yahoo! (YHOO) and Asian Holders Now Off

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Shares of Yahoo! (Nasdaq: YHOO) are now down 6.5 percent following a report from AllThingsD's Kara Swisher which rumors the deal talks related to Yahoo!'s Asian assets are now off.

According to Swisher's sources, discussions between Yahoo! and Asian partners Alibaba and Softbank have hit a severe snag as terms of the so-called "cash-rich split-off" cannot be agreed upon.

The NYTime's Dealbook said the deal collapsed on Monday. The Dealbook source has said Softbank may reach out to Yahoo!'s new CEO Scott Thompson in order to consider an alternative transaction.

Yahoo! shares last traded at $15.16.

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