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About Altaba Inc.

Altaba Inc. is stocked with stock — and that’s about all. The company (formerly Yahoo Inc.) is a publicly traded, closed-end management investment which tracks the shares of Alibaba Group Holding Co., an online retailer based in China, and Yahoo Japan Corp., an internet company based in Japan. Altaba is the spinoff of the Yahoo assets that were left after Verizon Communications bought Yahoo’s operating business for $4.4 billion in 2017.

Operations

Altaba Inc. has some $64 billion worth of assets. About 60% comes from its ownership in Alibaba Group Holding Co. with another 22% from its ownership in Yahoo Japan Corp. The rest of the asset value is from ownership in Excalibur Rights, which owns intellectual property from Yahoo, and several minority investments. Altaba also is responsible for shareholder litigation that might grow out of two Yahoo hacking incidents that exposed users’ information.

Company Background

Yahoo made many acquisitions over the years, but perhaps the most value was its investment in Alibaba, the China-based online merchant. As Yahoo’s online information and entertainment stagnated, the Alibaba shares appreciated it value. Yahoo bought 40% of Alibaba for $1 billion in 2005, but sold half of its shares back to Alibaba in 2012. When Verizon bought Yahoo’s operating business – the web site, news, flickr, email, Tumblr, and the other operations, what was left was Yahoo’s shares in Alibaba Group Holding Co. Those shares along with shares of Yahoo Japan Corp. became the assets of Altaba.

Altaba Inc.

140 E 45TH ST FL 15
New York, NY 10017-7135
Phone: 1 (646) 679-2000

Stats

Employer Type: Publicly Owned
Stock Symbol: AABA
Stock Exchange: , NASDAQ
Chairman: Eric K. Brandt
Chief Yahoo!: David Filo
CFO: Kenneth Goldman
Employees (This Location): 135
Employees (All Locations): 8,500

Major Office Locations

New York, NY

Other Locations

San Francisco, CA
Santa Clara, CA
Santa Monica, CA
Sunnyvale, CA
Coral Gables, FL
Atlanta, GA
Chicago, IL
Boston, MA
La Vista, NE
Lockport, NY
New York, NY
Hillsboro, OR
Ashburn, VA
Quincy, WA
Bengaluru, India
Gurgaon, India
Mumbai, India
Navi Mumbai, India
New Delhi, India