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Post# of 110079
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Elroy Jetson

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Elroy Jetson

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Tuesday, 01/10/2017 1:30:21 AM

Tuesday, January 10, 2017 1:30:21 AM

Post# of 110079
When Verizon completes its acquisition of Yahoo! the company will be renamed Altaba.


The name is a reference to Yahoo!'s most valuable asset - 15% ownership in Chinese company Alibaba founded by Jack Ma, which is the eBay of China.

https://www.washingtonpost.com/news/the-switch/wp/2017/01/09/how-yahoo-came-up-with-its-new-name-altaba/?utm_term=.b6d9c3579f04

Given that Yahoo!'s 15% of Alibaba stock has a market value of $35 billion, Verizons's $4.5 billion acquisition price on Yahoo! and their Alibaba stake is quite a discount.

As part of the deal to unlock this value, stock in Verizon's Aliba subsidiary will trade on the open market, possibly reflecting a price closer to $35 billion once the distraction of Yahoo! and their "valuable free email platform" is out of the way.

CEO of Yahoo! Marissa Meyer will step down when the merger is complete.

We've run out of other people's Social Security taxes needed to subsidize our low income tax rates.

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