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Yahoo spin-out Altaba to sell full Alibaba stake

Apr 6, 2019

Yahoo spin-out Altaba to sell entire Alibaba stake

Yahoo spin-out Altaba to sell full Alibaba stake

Altaba has announced its board has approved the liquidation and dissolution of the entity, wherein Altaba, Alibaba's second-largest stakeholder, intends to sell its remaining 11% stake in the Jack Ma-led company.

Verizon acquired Yahoo's core internet business in 2017 and Yahoo's remaining business was renamed Altaba to keep its 15% stake in Alibaba and a 35.5% stake in Yahoo Japan.

Source : TechCrunch

Yahoo spin-out Altaba to sell entire Alibaba stake

News TechCrunch Technology Verizon Yahoo

Piyush Verma

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Yahoo spin-out Altaba to sell entire Alibaba stake

Yahoo spin-out Altaba to sell entire Alibaba stake

Piyush Verma

Categories

AD

Most Viewed

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Jodie Foster for Calvin Klein, 90s

First look at Captain Hook in ‘Peter Pan's Neverland Nightmare’

Elizabeth Olsen: Embracing Her Effortless Glow

Scarlett Johansson and the AI Voice Controversy

Jennifer Lawrence: Oh! She Looks So Cute