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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.