I suspect, that the company became aware that news of a deal had been leaked out beyond the corporate walls, and they are doing the right thing by asking for a halt to make an official announcement...and avoid otherwise later having to respond to authorities over the volatility in the stock price without any public news. Recall that yesterday, alibaba.com spiked into the last two hours of trading...not sureif this is good, bad, or unrelated to Yahoo!
I still suspect that the official deal may involve Yahoo! taking a large equity interest in alibaba.com as part of thecash-rich split.
This is insightful. In fact I saw somebody or some article either today or yesterday mentioning Yahoo looking for diverging assets be included in the cash rich split deal. Alibaba.com probably is one of what Yahoo seems interested w.r.t. the new revenue stream(s). If Alibaba.com somehow eventually changes its ownership to Yahoo, what kind of deal structure will that be? e.g. Yahoo purchasing all Alibaba.com outstanding shares and retire it from HKex? Or somehow a stock swap? Or Yahoo assuming majority ownership (AG goes minority)? I maybe looking too much down the road. Just curious how will it be played out should this scenario become viable. I will say this though, looking at new Yahoo CEO's background, this budding Alibaba.com story looks more and more interesting.
What is the purpose of Yahoo getting Alibaba.com shares? They already indirectly own this through parent, gives them no cash, and does not get them out of china. Only thing it would give them is a more liquid, easily valued assets, but if they sold it would generate large taxes.