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by TooCreative
2016 days ago
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What would have been the RIO of a shareholder who held $100 in Yahoo shares in 2000? I think Yahoo had some assets that it sold (like ~$40B worth of Alibaba shares) later on. Did the cash go into YHOO or into the shareholders account in some other way? |
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IIRC, as part of the merger with Verizon, the Alibaba and Yahoo Japan holdings were spun out into a separate holding company (Altaba?) which was publically traded. A YHOO stockholder would get some amount of Altaba stock, and whatever the Verizon part was (I don't remember if that was Verizon stock, cash, a choice, whatever); probably no fractional shares.
As the holdings were sold, there were large cash dividends, with holdbacks for taxes and contigencies. As the contigencies timed out, smaller dividends happened, and I think Altaba formally wound down with a final dividend earlier this year.