|Bid||0.00 x 800|
|Ask||0.00 x 1000|
|Day's Range||80.66 - 82.14|
|52 Week Range||50.40 - 82.45|
|PE Ratio (TTM)||2.72|
|Earnings Date||Aug 15, 2018 - Aug 20, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||100.00|
Altaba Inc (NASDAQ:AABA) is trading with a trailing P/E of 3x, which is lower than the industry average of 32.3x. Although some investors may jump to the conclusion that thisRead More...
UK Services Ltd. £250,000 for its data security practices, Reuters reported. Yahoo said in 2016 that more than 500 million accounts had been hacked two years earlier. An ICO investigation into the matter determined Yahoo U.K. Services had failed to take the necessary steps to protect data before that incident, Reuters said.
The closed-end investment firm lives and dies by its largest investment, Chinese e-commerce titan Alibaba. Both of the "abas" had a really nice May this year.
Altaba (AABA), the former Yahoo!, remains a good proxy for investors seeking exposure to Alibaba Group Holding (BABA). The reason: Altaba owns a 15% stake in the Chinese e-commerce juggernaut worth around $79 billion, which accounts for more than 85% of Altaba’s net assets. Altaba shares have risen 44% in the past year to $80.55, matching the percentage gain in Alibaba, whose shares traded Friday at $205.07.
A big seller of Alibaba shares has emerged. Altaba—essentially what remains of Yahoo after it sold its web-portal business to Verizon last year—plans to buy back nearly a quarter of its own shares, using part of its 15% stake in Alibaba as currency. It will sell around 30 million Alibaba shares to pay the tax bill on this transaction, using a small part of the proceeds in the buyback.
On June 7, 2018, Altaba Inc. (the “Fund”) commenced a tender offer to purchase up to 195,000,000 (approximately 24%) of the Fund’s issued and outstanding shares of its common stock, par value $0.001 per share (the “Shares”), that are properly tendered in the Offer (as defined below) and not properly withdrawn. For each Share accepted in the Offer, stockholders will receive: (i) 0.35 American Depositary Shares (“Alibaba ADSs”) of Alibaba Group Holding Limited, a Cayman Islands company (“Alibaba”), which are held by the Fund in its investment portfolio, less any Alibaba ADSs withheld to satisfy applicable withholding taxes and subject to adjustment for fractional Alibaba ADSs (the “ADS Portion”), and (ii) an amount in cash equal to the Alibaba VWAP (as defined below) multiplied by 0.05 ….
Shares of Altaba Inc. fell Thursday, reversing earlier gains that had them heading to an 18-year high, after the company formerly known as Yahoo said it has commenced a tender offer to buy up to 195 million of its outstanding shares. As Altaba’s tender offer includes the sale of nearly 100 million Alibaba Group Holding Ltd.’s(BABA) shares, Alibaba’s stock slumped 2.3%, dragging Altaba’s stock lower. Altaba was Yahoo until the sale of Yahoo’s operating business to Verizon Communications Inc.last year, and is now a closed-end management investment company managing its large stake—nearly 15%—in China-based e-commerce giant Alibaba.
Altaba Inc., the company that holds the unsold remnants of Yahoo, has a proposition for its shareholders. The company presented a tender offer Thursday to buy up nearly a quarter of its shares at a 3.8% premium to where they closed on Wednesday. It's likely to be welcomed by at least some investors, particularly those who have been around since the final days of Yahoo.
Altaba unveiled today a $16 billion tender offer to purchase nearly a quarter of its shares. The offer will involve a distribution of part of Altbaba’s large stake in Alibaba Group Holding to shareholders as it seeks to narrow the steep discount at which its stock trades to the company’s net asset value. The move is the latest and largest action by the management of Altaba (AABA), the former Yahoo!, to benefit shareholders who are eager see a narrowing of the discount, which stood at 26.5% at Wednesday’s close.
Ltd. stock as currency, as it tries to reduce the gap between its share price and net asset value. Altaba said it would pay 0.35 Alibaba American depositary share, plus cash tied to Alibaba’s volume-weighted average price, each for 195 million Altaba common shares.
Shares of Altaba Inc. , formerly known as Yahoo, climbed 1.5% in premarket trade Thursday, toward an 18-year high, after the company said it would buy up to 195 million shares of its common stock at about a 3.8% premium to Wednesday's closing price of $80.28. Altaba was Yahoo until the company completed the sale of its operating business to Verizon Communications Inc. last year, and is now a closed-end management investment company that owns a "substantial" stake in Alibaba Group Holding Ltd. Altaba said the purchase price of its shares will be equal to 35% of Wednesday's stock closing price of Alibaba shares of $208.30, plus 5% of the Alibaba volume-weighed average price of $208.8445. Altaba's stock, which is on track to open at the highest level seen during regular session hours since April 2000, has run up 15% year to date through Wednesday, while Alibaba's stock has climbed 21% and the S&P 500 has gained 3.7%.
Altaba Inc. (“Altaba” or the “Fund”) (AABA) announced today the commencement of a tender offer to purchase up to 195,000,000 issued and outstanding shares of its common stock at a purchase price per share equal to (A) 0.35 American Depositary Shares (“Alibaba ADSs”) of Alibaba Group Holding Limited (“Alibaba”) and (B) an amount in cash equal to the Alibaba VWAP (as defined below) multiplied by 0.05, less applicable withholding taxes and without interest. The terms and conditions of the tender offer are set forth in an Offer to Purchase, Letter of Transmittal and related documentation that are being distributed to holders of the Fund’s shares and are being filed with the U.S. Securities and Exchange Commission (the “SEC”).
Stephen Curry, the star point guard for the Golden State Warriors, looked puzzled at a news conference last fall when a journalist introduced himself and identified his employer: the Athletic. “The who?” Mr. Curry said, teasing the reporter. The journalist, San Francisco Bay Area editor in chief Tim Kawakami, repeated himself and offered Mr. Curry a free subscription.
There are a number of reasons that attract investors towards large-cap companies such as Altaba Inc (NASDAQ:AABA), with a market cap of US$62.38B. Market participants who are conscious of riskRead More...
With an ROE of 35.43%, Altaba Inc (NASDAQ:AABA) outpaced its own industry which delivered a less exciting 13.50% over the past year. On the surface, this looks fantastic since weRead More...
NEW YORK, May 07, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of CPI ...
Despite recent weakness, the technology sector has been among the best-performing groups for well over a year. -- observes Chuck Carlson, editor of DRIP Investor and a contributor to MoneyShow.com. The one problem for dividend-reinvestment/direct-purchase plan (DRIP) investors is none of the FANG stocks offers a company-sponsored DRIP.
Investing.com – Bitcoin traded roughly unchanged on Monday, holding above $9,000 supported by a recent uptick in sentiment on cryptocurrencies, while EOS maintained its position as the fifth most valuable crypto by market market cap.
Investing.com - Cryptocurrencies were on track for heavy monthly gains on Monday, though Bitcoin, the number one digital currency by market capitalization lagged the pack.
Global M&A activity has been going at full speed and it does not look like it’s going to stop this year although we might see some incremental slowdown. According to FT, in each of the past four years, there were over $3.0 trillion worth of M&A activity, even though this value has been declining slightly […]
Coronation Fund Managers of Cape Town, South Africa, manages more than $50 billion in assets and handles more than 85% of the pension funds in that country. The Global Emerging Markets Equity Strategy, with an inception date of July 14, 2008, has returned an annualized 8.2% since then through the first quarter, compared with the 3.9% turned in by MSCI Emerging Markets Index. Coronation’s Global Frontiers Strategy, the other one available to U.S. investors, is younger, with a Dec. 1, 2014, inception date, and sports a 9.0% annualized return from inception through March 31.
The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy. - Two senior Senate Democrats have asked a number of large banks ...