Feb 14 (Reuters) Talks between Yahoo Inc and China's Alibaba over the U.S. Internet giant's Asian assets have hit an impasse, throwing their plans for a $17 billion taxfree asset swap into question, according to sources briefed on the situation.
The snag in the negotiations came on the same day that activist investor Daniel Loeb, of hedge fund ThirdPoint, launched a campaign to install his own slate of directors on Yahoo's board, further highlighting the turmoil engulfing the onetime Web pioneer.
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