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Jul 27, 2021 · Altaba, a closed-end fund, then moved to liquidate the Alibaba stake as well as a smaller interest in Yahoo Japan (YAHOY). Altaba is the largest company ever to liquidate and distribute proceeds from its assets to its shareholders. Altaba wasn’t immediately available for comment. Altaba is retaining funds to deal with disputed claims.
Inc., is a non-diversified, closed-end management investment company. The Fund seeks to track the combined investment return of the Alibaba Shares and the Yahoo Japan Shares it owns. Alibaba Shares represent an approximate 15% equity interest in Alibaba Group Holding Limited (Alibaba), and its Yahoo Japan Corporation (Yahoo Japa) Shares represent an approximate 36% equity interest in Yahoo Japan.
Altaba Inc. was a non-diversified, closed-end management investment company based in New York City [2] that was formed from the remains of the first incarnation of Yahoo! Inc. after Verizon had acquired old Yahoo's Internet business. [3] Verizon completed its acquisition on June 13, 2017, and put the assets under a new subsidiary named Yahoo!
Feb 9, 2023 · Altaba is an independent, closed-end management investment company registered under the Investment Company Act of 1940. The Fund’s assets primarily consist of a mix of cash and cash equivalents.
Jan 10, 2017 · "The Board also determined that, following the Closing, it intends to cause the Company’s name to be changed to Altaba Inc.," it says. So, the most important bits of Yahoo's brand and operations ...
Nov 21, 2017 · Updated Mon, Nov 20, 2017, 6:51 PM. Altaba (NASDAQ: AABA) just published an update on the focused investing company's financial health. The company formerly known as Yahoo! is a very different ...
The Fund filed with the Chancery Court a Motion for Partial Final Judgment on July 15, 2021, and subsequently revised such motion on July 19, 2021, following which, on July 20, 2021, the Chancery Court entered an order (the “Partial Final Order”) authorizing the Fund to make a cash distribution of all of the Fund’s assets in excess of the aggregate security amount required to be retained ...
