Shares of Altaba Inc, the holding firm left behind after Yahoo Inc’s sale of its core web enterprise to Verizon Communications Inc, will start buying and selling on the Nasdaq on Monday.
Altaba’s essential property embody a 15.5 % stake in Chinese language e-commerce chief Alibaba Group Holding Ltd and a 35.5 % holding in Yahoo Japan Corp.
Verizon closed its $four.48 billion cope with Yahoo final week, marking the tip of the tech pioneer as a stand-alone web firm, which was as soon as valued at greater than $100 billion.
Yahoo was formally renamed Altaba on Friday. Its shares will commerce underneath the image “AABA”.
(Reporting by Anya George Tharakan in Bengaluru; Modifying by Sai Sachin Ravikumar)