Altaba Inc. (NASDAQ: AABA) was co-founded by Yang Zhiyuan and David Filo in 1994, formerly known as Yahoo! Inc. (Yahoo), in June 2017, Verizon completed the acquisition of Yahoo’s core Internet business After that, a holding company was established. The main assets include: 15.5% of Alibaba Group ’s shares and 35.5% of Yahoo Japan’s shares. Altaba is headquartered in Sunnyvale, California, with 12,500 full-time employees. It is a well-known Internet portal and search engine in the United States. .
On October 2, 2019, Altaba ceased trading on Nasdaq at the end of the day, and in accordance with its “Plan of Complete Liquidation and Dissolution” on October 4, the company registered in Tela Huazhou submitted for dissolution.
Altaba Inc. (AABA):
Google , Yahoo, and Microsoft Bing are the largest portals and search engines in the United States, just like Baidu in China and Yandex in Russia. Of course, the first three are all global.
Altaba Inc. (AABA):
- In 1994, Yang Zhiyuan and David Filo founded Yahoo in 1994 in the United States.
- On April 12, 1996, YAHOO! Officially listed on Wall Street.
- In 1995, the turnover was 1.3 million US dollars and the actual loss was 630,000 US dollars.
- In 1996, realized profit-90,000 US dollars.
- In September 1999, the Yahoo China website was launched.
- On August 11, 2005, Yahoo invested 1 billion US dollars in Alibaba . At the same time, Alibaba acquired Yahoo China and became Alibaba’s website.
- As of 2006, Yahoo ranked 13th in the 2006 “Top 500 World Brands” ranking compiled by the World Brand Lab.
- On May 21, 2012, Alibaba Group and Yahoo reached an equity repurchase agreement.
- On May 24, 2012, Yahoo released its own browser: Yahoo! Axis.
- On September 18, 2012, Alibaba Group bought back 17% of its shares from Yahoo for US$7.1 billion, including US$6.3 billion in cash and no more than US$800 million in Alibaba’s preferred stock.
- On December 31, 2012, Yahoo completed its withdrawal from the Korean market at a cost of US$94 million.
- On May 12, 2013, Yahoo officially announced on Twitter on Friday local time that it had acquired startups such as Astrid, GoPollGo, MileWise and Loki Studios in the past week.
- On August 20, 2013, China Yahoo Mail has ceased service on August 20, 2013.
- On August 31, 2013, Yahoo China announced that it would cease to provide information and community services from 0:00 on September 1, 2013.
- On September 5, 2013, Yahoo officially released the company’s new logo. Yahoo has used the logo “retired” for nearly 20 years.
- On March 6, 2014, Yahoo announced the acquisition of Vizify, a social information visualization technology startup company. Vizify can convert the information shared by users on social networks into a visual format.
- In March 2014, Yahoo announced that it no longer supports logging in to its various services using Facebook and Google accounts.
- On September 28, 2014, Yahoo announced the closure of search engine Yahoo Directory, Yahoo Education, and video sharing Qwiki.
- On October 2, 2014, YAHOO received approximately US$9.4 billion in revenue by selling its holdings in Alibaba Group’s IPO (Initial Public Offering) transaction.
- On February 19, 2015, Yahoo CEO Marissa Mayer (Marissa Mayer) announced at the Yahoo Mobile Developer Conference in San Francisco that the company’s mobile revenue in 2014 exceeded US$1.2 billion, and monthly mobile users visit With a volume of about 575 million, Yahoo has become “the third largest mobile advertising company in the world.”
- In June 2015, Yahoo announced that it would divest Alibaba’s equity later this year.
- On August 3, 2015, Yahoo announced an agreement to acquire the shopping site Polyvore.
- On June 13, 2017, the US telecom giant Verizon announced that it had completed the acquisition of Yahoo’s core Internet business for US$4.48 billion, and Yahoo’s CEO Marissa Mayer (Marissa Mayer) will leave. Assets including Yahoo Finance will be merged with AOL ‘s “Huffington Post” and other brands to form a company called Oath. Former AOL CEO Tim Armstrong (Tim Armstrong) will become the head of the new company. Oath owns more than 50 media and technology brands. After the transaction, Yahoo is no longer an operating company. Its assets include shares in Alibaba and Yahoo Japan, cash, convertible notes, specific small-scale investments, and a non-core patent portfolio called Excalibur. These assets will be renamed Altaba.
- In September 2018, Altaba settled three lawsuits related to Yahoo’s data breach for $47 million.
- On September 17, 2018, Altaba announced the sale of its shares in Yahoo Japan Corporation for US$4.3 billion. On the same day, Altaba announced a $5.75 billion repurchase program.
- On April 3, 2019, Altaba announced in a press release that it would sell its shares in Alibaba Group and close the company. The company will be closed in the fourth quarter of 2019.
- On October 2, 2019, Altaba ceased trading on Nasdaq at the end of the day, and submitted a dissolution certificate in Delaware, where its company is registered, on October 4 according to its “Comprehensive Liquidation and Dissolution Plan”. A small amount of funds will be seized to deal with possible Chinese taxes from the sale of its shares in Alibaba Group.