Yahoo spin-out Altaba to sell full Alibaba stake

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

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