Yahoo is ready to transfer Alipay

According to the latest speculations in the media source Yahoo has at last resolved its problems with Alibaba over transferring Alipay payment system.

One of the sources reports that the companies reached an agreement before Yahoo's analyst meeting last Wednesday. However, the deal requires the consent of Softbank Corp founder Masayoshi Son, an Alibaba board member, who has been reluctant to come to the negotiating table.

Yahoo claimed it had been blindsided last month by Alibaba's restructuring of Alipay. Meantime, Alibaba said that Yahoo was aware of the transaction.

Terms of the agreement include points made during Yahoo's analyst meeting last week, according to the sources. Yahoo Chief Financial Officer Tim Morse said the company was still in negotiations with Alibaba and laid out a framework for a deal involving compensation and value of Alipay.

Yahoo is still mulling a number of options, including the separation of its entire Asian businesses, including Alibaba, said a source close to the matter.