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ALTABA is an investment company based in New York City
New York City
, that resulted from Verizon
Verizon
's acquisition of Yahoo!
Yahoo!
Inc\'s internet business . The company that remained after the purchase changed its name to Altaba Inc. on June 16, 2017. Verizon
Verizon
completed its acquisition on June 13, 2017 and put the assets under a new subsidiary, Oath . The only 'Yahoo!' branded interest in the hands of Altaba is its stake in the joint venture Yahoo!
Yahoo!
Japan .

CONTENTS

* 1 History * 2 Assets * 3 References * 4 External links

HISTORY

On June 16, 2017, the company that remained after Verizon Communications purchased the internet businesses of Yahoo!
Yahoo!
Inc. was renamed ALTABA INC. On the United States Securities and Exchange Commission 's website, they listed the new company as a "non-diversified, closed-end management investment company ."

The ticker symbol: YHOO changed to: AABA on June 19, 2017.

On June 13, Thomas J. McInerney became CEO of the former Yahoo Inc., after the departure of then-CEO Marissa Mayer
Marissa Mayer
. He was also a board member and chairman of the company. June 19, the Altaba website listed McInerney as the first CEO of new iteration of the company, Altaba Inc.

In September, Altaba sold all 4.6M common shares of Snap Inc.
Snap Inc.
for $69.3M.

ASSETS

Altaba owns Excalibur IP, LLC, a patent company, controls a significant but minority interest in Yahoo!
Yahoo!
Japan (35.5%) and Alibaba Group (16.3%), and also owns minority investments in Hortonworks, Inc. , Gomaji Corp., Ltd, Envestnet, Inc. , Qumu Corporation , SeatGeek, Inc ., Protagenic Therapeutics, Inc., Eastman Kodak
Kodak
Company , and Paperless Inc. .

REFERENCES

* ^ https://www.investopedia.com/news/what-altaba-anyway/?ad=dirN&qo=investopediaSiteSearch&qsrc=0 Company To Be Re-Named Altaba And Register As Investment Company". TheStreet.com . June 13, 2017. Retrieved June 28, 2017. * ^ Natalie Walters (January 10, 2017). " Yahoo!
Yahoo!
Set to Thrive Under New Altaba Name Thanks to Alibaba Stake". TheStreet.com . Retrieved June 28, 2017. * ^ " Altaba Announces 2017 Annual Meeting of Stockholders". businesswire.com. June 16, 2017. Retrieved June 16, 2017. * ^ "Business Search - Business Entities - Business Programs - California Secretary of State". businesssearch.sos.ca.gov. June 16, 2017. Retrieved June 16, 2017. * ^ "8-K". sec.gov. June 16, 2017. Retrieved June 16, 2017. * ^ Kharpal, Arjun (June 13, 2017). " Verizon
Verizon
completes acquisition of Yahoo as Marissa Mayer
Marissa Mayer
resigns". CNBC. Retrieved June 13, 2017. * ^ "8-K". sec.gov. June 16, 2017. Retrieved June 17, 2017. * ^ "Altaba, formerly Yahoo, starts trading on Nasdaq". CNBC
CNBC
. June 19, 2017. Retrieved June 28, 2017. * ^ "Altaba, Inc". altaba.com. June 19, 2017. Retrieved June 19, 2017. * ^ https://www.altaba.com/index.cfm/ * ^ http://fortune.com/2017/10/02/snapchat-snap-stock-yahoo/ * ^ Paul R. La Monica (June 19, 2017). " Verizon
Verizon
and all new Oath Inc. Story of Yahoo, AOL and Altaba". CNN Money
CNN Money
. Retrieved June 28, 2017. * ^ " Verizon
Verizon
and all new Oath Inc.
Oath Inc.
Story of Yahoo, AOL and Altaba". FlatFur.com Media & Labs . June 29, 2017. Retrieved November 9, 2017. * ^ "Holdings". Altaba. Retrieved June 28, 2017.