Tag: Yahoo

Altaba announces result of its USD3 billion share buyback
Global

Altaba announces result of its USD3 billion share buyback

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 finally rebrands to Atlaba
Global

Yahoo finally rebrands to Atlaba

Yahoo! Inc. (“Yahoo”) completed the sale of its operating business to Verizon Communications Inc.  Yahoo changed its name to “Altaba Inc.” (“Altaba” or the “Fund”) and filed a Notification of Registration on Form N-8A and a Registration Statement on Form N-2 with the Securities and Exchange Commission (the “SEC”) in […]

Yahoo is buying back USD3 billion worth of shares
Tech

Yahoo is buying back USD3 billion worth of shares

After its impressive first quarter result, Yahoo Inc., said it will buy back about USD3 billion worth of its shares. The buyback will be via modified “Dutch auction” self-tender offer to purchase for cash up to $3,000,000,000 of shares of its common stock at prices equal to (A) the “Alibaba […]

Yahoo to change its name to Altaba Inc
Global

Yahoo to change its name to Altaba Inc

According to a report by Reuters, Yahoo Inc said that it would rename itself Altaba Inc and Chief Executive Officer Marissa Mayer would step down from the board after the closing of its deal with Verizon Communications Inc. Yahoo has a deal to sell its core internet business, which includes […]

If you use YahooMail, Change Your password Now!
Tech

If you use YahooMail, Change Your password Now!

Yahoo, the owner of YahooMail and other web portals said it has suffered another major hack that has endangered over 1 billion email accounts in its kitty. In an official message to all its customers/users, Yahoo acknowledged that it was hacked and over 1 billion accounts might be in danger. […]