The market was not valuing Yahoo fairly for most of its life as Yahoo for the company name after this.
So when Yahoo’s remains changed to Altaba after selling that $4.5B Yahoo namesake and Yahoo Japan for $4B+ soon after, it was still a nearly $40B market cap company. Almost all of it being 16% of Alibaba.
So when Yahoo’s remains changed to Altaba after selling that $4.5B Yahoo namesake and Yahoo Japan for $4B+ soon after, it was still a nearly $40B market cap company. Almost all of it being 16% of Alibaba.