Alibaba reportedly plans to carry out its blockbuster IPO in the U.S. after negotiations with the Hong Kong stock exchange broke down over the e-commerce giant's demand that its "partners" - a group of founders and senior managers - maintain control over board composition. Listing in New York would enable Alibaba to issue shares that provide its partners with more voting power. The IPO could value Alibaba at up to $120B. That would be a boon to Yahoo (YHOO), which owns 24% in the Chinese company.
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