Former Yahoo Inc., said it has sold 613,888,888 shares of Yahoo Japan Corporation common stock that it currently holds to SoftBank Corp. for JPY 360 (approximately US$ 3.26) per share in cash. The price is the closing price of Yahoo Japan common stock as quoted on the Tokyo Stock Exchange […]
Altaba, the parent company of Yahoo inc. said it has sold off its common shares in Snap Inc., the parent company of Snapchat for USD69.3 million. Altaba said it used to own 4.6 million shares common shares in Snap Inc. before the sell-off. Altaba Inc. is an independent, publicly traded, […]
Altaba, formerly known as Yahoo Inc., has announced the result of its share buyback programme of USD3 billion. The share buyback was done via a “Dutch auction” self-tender offer to purchase up to $3.0 billion of shares of its common stock, which expired at 11:59 p.m., New York City time, […]
Altaba has announced the preliminary results of its modified “Dutch auction” self-tender offer to purchase up to USD3.0 billion of shares of its common stock. Based on the preliminary count by Computershare Trust Company, N.A., the depositary for the tender offer, a total of 64,578,083 shares of the Company’s common stock were […]
Yahoo will change its name to “Altaba Inc.” from Friday, 16th of June 16, 2017, after the company completed the sale of its operating business to Verizon Communications Inc. for USD4.4 billion. While the deal is still subject to certain pre-closing and post-closing adjustments as provided in the underlying definitive […]