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by toast0
2016 days ago
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I haven't been a YHOO shareholder since I left the company in 2011, but I saw a fair amount of discussion in former employee groups. 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. |
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