Altaba seeks liquidation and dissolution. Interested in selling some shares of Alibaba

In 2016, Yahoo and Verizon (58.53, -0.56, -0.95%) (Verizon) merged the investment company Altaba to seek shareholder approval for full liquidation and dissolution. Before obtaining liquidation and dissolution by shareholders, the fund intends to sell no more than 50% of its share of Ali (181.74, 0.85, 0.47%). Bloomberg data shows that as of December 31, 2018, Altaba held 10.96% of ADR shares in Alibaba.

Previously, Verizon acquired Yahoo's Internet business, and the company left after the purchase was renamed Altaba on June 16, 2017. Verizon completed the acquisition of Yahoo's core Internet business on June 13, 2017, and placed the assets in a family called Yahoo! Under the new subsidiary.