Yahoo's Analyst Day Leaves Many Questions Hanging

Yahoo's analyst day Wednesday addressed the steps the struggling Internet pioneer is taking to reposition the ship and revive its sagging stock, but on the subject of a controversial transaction involving one of its major Asian investments, its executives left a number of questions unanswered.

The Alibaba Fraud Case Could Be a Weight on Yahoo

Yahoo, which holds roughly 40% of Alibaba's Chinese parent, Alibaba Group Holding, had been pining for an IPO of the e-commerce giant's sister company, Taobao. Now, though, with a fraud probe underway, Yahoo's chances of cashing in on an IPO just got slimmer.

Private-Equity Firms Ask Alibaba to Join Yahoo Bid

A group of private-equity investors is calling on the CEO of Chinese Internet giant Alibaba Group to throw his support behind a buyout offer for Yahoo, Reuters reports. Alibaba founder Jack Ma is reportedly considering his options regarding the U.S. firm that holds a 40% stake in his company.