Deals
Altaba Will Raise $4.3 Billion by Exiting Yahoo Japan Stake
- The company says it’s offering entire stake at 354 yen a share
- Firm increased the size of the sale from about 750m shares
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Altaba Inc., the holding company formed from the overseas investments of the former Yahoo! Inc., will raise about $4.34 billion by selling its entire stake in Yahoo Japan Corp.
The company increased the size of the deal to include its entire 1.36 billion-share holding after initially saying it planned to sell about 750 million shares to raise about $2.5 billion, according to terms of the deal obtained by Bloomberg.