Altaba Begins Sale of Its Remaining Alibaba Shares

  • January 16, 2020
  • Category: In Case You Missed It
    Market Sector: E-Commerce and Software

In connection with its liquidation and dissolution plan announced last year, Altaba Inc., the investment management company formerly known as Yahoo, has begun selling its remaining stake in Alibaba Holding. According to an SEC filing dated January 13, Altaba expects to complete the sale of all its holdings in Alibaba in the coming days. As of the publication date of this article, Altaba had sold 2,196,592 shares at an average price per share of $227.63, for total proceeds of roughly $500M.

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