0
Broadband

Altaba to sell Alibaba shares and wind down company

Thursday 4 April 2019 | 12:33 CET | News
Altaba, the successor company to Yahoo after it sold its media activities to Verizon, announced plans to liquidate the company. Its one remaining major asset is a stake in Alibaba, which will be distributed to shareholders. The pay-out is expected to total around USD 40 billion. 

Thank you for visiting Telecompaper

We hope you've enjoyed your free articles. Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Internet
Companies: Alibaba / Verizon / Yahoo
Countries: China / World
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Alibaba revenue growth improves to 51% in Q4, outlook cautious for new year

Published 15 May 2019 17:00 CET | China
Alibaba's growth accelerated in the company's fiscal fourth quarter to March, showing little impact from the slowing Chinese ...

Altaba to pay USD 47 mln to settle Yahoo breach litigations

Published 17 Sep 2018 15:20 CET | World
Altaba, the remaining holding company for Yahoo, has sent a letter to its shareholders, saying it has reached an agreement in ...

SoftBank to buy Altaba shares in Yahoo Japan

Published 10 Jul 2018 07:16 CET | Japan
SoftBank has launched a tender offer for 613.9 million shares of Yahoo Japan, equivalent to JPY 221 billion and a shareholding of ...

Altaba planning to buy back 24% of shares using Alibaba stock

Published 08 Jun 2018 14:22 CET | United States
Altaba, the remaining holding company for Yahoo, has announced a programme to buy back nearly 24 percent of its own shares in ...

Altaba buys back USD 3.4 bln worth of shares

Published 20 Jun 2017 09:36 CET | United States
Altaba, formerly part of Yahoo, has announced the preliminary results of its modified "Dutch auction" self-tender offer to ...

Yahoo will be renamed Altaba, with new CEO

Published 10 Jan 2017 08:47 CET | World
Yahoo will be renamed Altaba after the sale of its web assets to Verizon for USD 4.83 billion, the company said in an SEC ...





Calendar   /   Industry Events

21 May Telefonica Deutschland AGM
21 May 1&1 Drillisch AGM
21 May NGON & DCI World
21 May Connections 2019
21 May Small Cells World Summit
21 May ICT Spring Europe
21 May Honor press conference
21 May MVNOs World Congress
22 May Analog Devices fiscal Q2
22 May Network Virtualization & SDN Europe
22 May China Mobile AGM
23 May Lenovo fiscal Q4
23 May MTS Q1 2019
23 May Weibo Q1 2019
23 May Sina Q1 2019
23 May ViaSat fiscal Q4
23 May Bezeq Q1 2019
23 May United Internet AGM
24 May Ice Group Q1 results
27 May Telkom FY results
28 May Cellcom Q1 2019
28 May Pareteum investor day
28 May Computex
::: More Calendar Items