Altaba

After selling its operating business to VerizonVerizonVerizon (Verizon Communications Inc.) is one of the largest telecommunications carriers in the United States, formed in 2000 through the merger of Bell Atlantic, one of the “Baby Bells,” and GTE. Headquartered in New York City, it operates a nationwide wireless network, Fios fiber broadband and communications services for businesses and government, and is listed on the New York Stock Exchange and Nasdaq.Open the full entry, the original Yahoo! Inc. became Altaba on June 16, retaining investments including Alibaba and Yahoo JapanYahoo JapanYahoo Japan refers to the Yahoo! JAPAN portal and its historical operating companies. The Japanese search and information brand became part of LY Corporation’s operations in the 2023 reorganization.Open the full entry. The Yahoo operating brand transferred to the buyer.⁠[1]

The board approved a plan of complete liquidation and dissolution on April 2, followed by shareholder approval on June 27.⁠[2]

NasdaqNasdaqNasdaq is an exchange operator and financial technology company headquartered in New York. It runs The Nasdaq Stock Market and other markets and provides capital markets technology, regulatory technology, and data and index services. Founded in 1971, it combined with OMX AB in 2008, and in March 2026 the U.S. Securities and Exchange Commission approved its rules for trading tokenized securities.Open the full entry halted trading after the October 2 regular session. Altaba filed its certificate of dissolution on October 4, effective at 4 p.m., and closed its stock transfer books.⁠[3]

On May 28, 2020, the fund petitioned Delaware’s Court of Chancery concerning reserves for claims and distributions during its wind-up.⁠[4]

On May 6, Altaba announced a $0.20-per-share liquidating distribution, payable May 19, totaling approximately $103.9 million. Dissolution did not mean that every liability and distribution had been resolved in 2019.⁠[5]

Its 2025 annual report continued to account for remaining assets and liabilities, reporting approximately $837.7 million in net assets and $1.61 per share at December 31. These accounts reflect the wind-up process.⁠[6]

Altaba is registered as a closed-end management investment company. Its historical ticker was AABA. Its website provides reports, liquidation notices, and shareholder FAQs.⁠[4]