Altaba Inc. (formerly Yahoo! Inc.) is a closed-end management investment company specializing in diversified investment portfolios. The company's primary objective is to track the combined performance of Alibaba and Yahoo Japan stocks in which it holds significant interests.
In addition to its holdings in Alibaba and Yahoo Japan, Altaba also maintains investments in minority stakes, owns all equity interests in Excalibur IP, LLC (owner of Excalibur IP assets), and holds a portfolio of marketable debt securities. The fund's external investment advisors are BlackRock Advisors, LLC, and Morgan Stanley Smith Barney LLC.
Contact Information
Location: New York, NY 10017-3144, United States
Phone: +1-646-6792000
Fax: 302-6555049
Website: www.altaba.com
Also read: Inside: Yahoo! Finance
Company Profile and Recent Developments
Altaba Inc., registered under the 1940 Act, underwent a significant transformation with the approval of its liquidation and dissolution plan on April 2, 2019. The plan, endorsed by stockholders on June 27, 2019, led to the filing of a certificate of dissolution with the Secretary of State of Delaware on October 4, 2019.
Following the dissolution, the company ceased trading on Nasdaq and initiated the distribution of its assets to stockholders. Altaba continues to operate as an investment company under the Investment Company Act of 1940 (the “1940 Act”) until the completion of asset distribution, after which it intends to deregister.
Throughout the winding-up process, Altaba encountered various legal proceedings and indemnification claims, leading to court orders determining the amount of security required for pending claims. The company has diligently complied with court directives and continues its efforts to resolve outstanding legal matters.
For more comprehensive information, readers are encouraged to review Altaba's filings with the U.S. Securities and Exchange Commission (SEC). The company remains committed to transparency and will provide updates as necessary.
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