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Altaba Will Raise $4.3 Billion by Exiting Yahoo Japan Stake

     
1:06 am on Sep 12, 2018 (gmt 0)

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Altaba Will Raise $4.3 Billion by Exiting Yahoo Japan Stake [bloomberg.com]
Altaba Inc., the holding company formed from the overseas investments of the former Yahoo! Inc., will raise about $4.34 billion by selling its entire stake in Yahoo Japan Corp.
...
Altaba is Yahoo Japanís second-largest shareholder with a 23.9 percent stake, trailing only SoftBank Group Corp., data compiled by Bloomberg show. It is Altabaís second major sale of the Japanese companyís shares this year.
1:38 am on Sept 12, 2018 (gmt 0)

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What will that do the Yahoo Japan? That's basically a reorganization.
12:59 am on Sept 13, 2018 (gmt 0)

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WebmasterWorld Administrator bill is a WebmasterWorld Top Contributor of All Time 10+ Year Member Top Contributors Of The Month

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Yahoo Japan has always been separate from Yahoo! proper. Although they started off similar they went off in their own direction for the Japan market. They're still probably the #1 site in Japan. Embarrassingly, the top clicked link on my company Intranet is the "Yahoo Japan" link...
 

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