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Altaba, formerly Yahoo, to start trading on Monday

Published 06/19/2017, 08:29 AM
Updated 06/19/2017, 08:40 AM
Altaba, formerly Yahoo, to start trading on Monday

(Reuters) - Shares of Altaba Inc, the holding company left behind after Yahoo (NASDAQ:YHOO) Inc's sale of its core internet business to Verizon Communications Inc (NYSE:VZ), will begin trading on the Nasdaq on Monday.

Altaba's main assets include a 15.5 percent stake in Chinese e-commerce leader Alibaba (NYSE:BABA) Group Holding Ltd and a 35.5 percent holding in Yahoo Japan Corp.

Verizon closed its $4.48 billion deal with Yahoo last week, marking the end of the tech pioneer as a stand-alone internet company, which was once valued at more than $100 billion.

Yahoo was officially renamed Altaba on Friday. Its shares will trade under the symbol "AABA".

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