Altaba Will Raise $4.3 Billion by Exiting Yahoo Japan Stake

[bill]

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 Japan’s second-largest shareholder with a 23.9 percent stake, trailing only SoftBank Group Corp., data compiled by Bloomberg show. It is Altaba’s second major sale of the Japanese company’s shares this year.

[keyplyr]

What will that do the Yahoo Japan? That's basically a reorganization.

[bill]

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...