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Apr 3, 2019 · The sale is expected to generate a net return of around $40 billion for Altaba stockholders — the provided range is between $39.8 billion and $41.1 billion based on share prices and associated...
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Jan 14, 2020 · Altaba, a longtime holder of Alibaba Group Holding, has begun selling its remaining stake of five million shares in the Chinese e-commerce giant and expects to complete the sale of the...
Apr 4, 2019 · The sale of its Alibaba shares is expected to generate around $40 billion for Altaba stockholders, with the company providing a ranged estimate of $39.8 billion to $41.1 billion.
- Campbell Kwan
- 1 min
Jan 14, 2020 · Altaba, a longtime holder of Alibaba Group Holding, has begun selling its remaining stake of five million shares in the Chinese e-commerce giant and expects to complete the sale of the entire...
Apr 4, 2019 · Altaba has decided to liquidate the Alibaba stake bought by Yahoo in 2005, even if it means paying billions of dollars in taxes. It’s said that nothing is certain except death and taxes.
On the same day, Altaba announced a $5.75 billion share repurchase program. [ 36 ] On April 3, 2019, Altaba announced in a press release that it would sell its stake in Alibaba Group and shut down. [ 37 ]
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Sep 12, 2018 · The $4.3 billion in cash would allow Altaba to buy back 67 million shares (with shares trading at $64 right now), if Altaba spends all of the cash proceeds on buybacks.