Alibaba Group (BABA) has entered into a definitive agreement to acquire Chinese Internet TV platform Youku Tudou Inc. (YOKU), also known as China's YouTube, in an all-cash transaction.

Under this act, Yahoo! has to ask permission to spin off the core business, which has significantly less value than its stake in BABA.

It's unlikely that Alibaba (BABA) will pursue Yahoo!'s (YHOO) Internet business if the search engine company decides to sell it.

Yahoo! Inc. (NASDAQ:YHOO)’s got a $44 billion locked up safe with Alibaba Group Holding Ltd (NYSE:BABA)’s logo on it, but the company cannot figure out the code that will save up to $15 ...