Altaba Contents History Assets References External links Navigation menuAABAaltaba.com"What Is Altaba Anyway?""Yahoo Completes Sale Of Operating Business; Company To Be Re-Named Altaba And Register As Investment Company""Yahoo! Set to Thrive Under New Altaba Name Thanks to Alibaba Stake""Altaba Announces 2017 Annual Meeting of Stockholders""Business Search - Business Entities - Business Programs - California Secretary of State""8-K""Verizon completes acquisition of Yahoo as Marissa Mayer resigns""Yahoo Completes Sale Of Operating Business; Company To Be Re-Named Altaba And Register As Investment Company""Altaba Sells Remaining Yahoo Japan Shares"0099-9660"Jerry and David's Guide to the World Wide Web becomes "Yahoo!""the original"Hello, Is Anyone Out There?""The History of Yahoo! – How It All Started..."the original"WHOIS information for: yahoo.com:""Yahoo: An 18-year timeline of events"The Women of Berkshire Hathaway"Yahoo rejects Microsoft approach""Yahoo lays off 2,000 employees""Tim Morse, Interim Yahoo CEO, Gets 25 Percent Raise To $750,000""A Yahoo Search Calls Up a Chief From Google""Yahoo's Bid for Hulu in $600M to $800M Range — Even as It Preps Other Big Deals in Mobile and Communications""An $800 million bid for Hulu is safe, boring, and exactly the right move for Yahoo""Google overtaken by Yahoo! in US website visitors for first time in two years""Yahoo Says Hackers Stole Data on 500 Million Users in 2014""Yahoo 'state' hackers stole data from 500 million users""Yahoo 'state' hackers stole data from 500 million users""Yahoo discovered hack leading to major data breach two years before it was disclosed""Yahoo knew of 'state-backed' hack in 2014""Hack Brief: Hackers Breach a Billion Yahoo Accounts. A Billion""Yahoo Says 1 Billion User Accounts Were Hacked""Altaba, Inc""Yahoo to Become Alibaba Alter Ego with Name Change - Caixin Global""Altaba, formerly Yahoo, starts trading on Nasdaq""Altaba to settle lawsuits relating to Yahoo data breach for $47 million""Altaba Sells Remaining Yahoo Japan Shares"0099-9660"Altaba announces new $5.75bn share buyback programme""Verizon and all new Oath Inc. Story of Yahoo, AOL and Altaba""Holdings"the original"The Company Formerly Known as Yahoo Just Gave Up on Snapchat""SEC Filing | Altaba Inc"Official websiteGoogle FinanceYahoo! FinanceBloombergReutersSEC filingse
Alibaba GroupHortonworks, Inc.Envestnet, Inc.SeatGeek, Inc.Eastman Kodak CompanyThomas J. McInerneyJerry YangDavid Filo
Yahoo!Companies listed on NASDAQPublicly traded companies based in New York CityInvestment companies based in New York CityAmerican companies established in 19951996 initial public offerings
investment companyNew York CityYahoo! Inc.VerizonInternetOathYahoo! JapanSoftBank GroupJerry YangDavid FilobackronymYet Anotherweb portaldot-com bubbleMicrosoft CorporationCarol BartzCEOTim MorsePayPalScott ThompsonRoss LevinsohnMarissa MayerYouTubea data breachhackersBBCbreachencryptedpasswordsweb cookiesa separate data breachhistory of the InternetMarissa MayerThomas J. McInerneySecurities and Exchange Commissionclosed-end management investment companyNASDAQExcalibur IPpatentAlibaba GroupHortonworksGomajiEnvestnetRimage CorporationSeatGeekProtagenic TherapeuticsEastman Kodak CompanyPaperless PostSnap Inc.Yahoo! Japan
 | |
Formerly | Yahoo! Inc. (1995–2017) |
|---|---|
Type | Public |
| Traded as | NASDAQ: AABA |
| Industry | Investment company |
| Predecessor | Yahoo! |
| Founded | March 2, 1995 (1995-03-02) (as Yahoo!) |
| Founder | Jerry Yang David Filo |
| Headquarters | New York City, New York , U.S. |
Key people | Thomas J. McInerney (President and CEO) |
| Revenue | $5.17 billion |
| Subsidiaries | Excalibur IP, LLC Alibaba Group (16.3%) Hortonworks Gomaji Envestnet Rimage Corporation SeatGeek Protagenic Therapeutics Eastman Kodak Company Paperless Post[1] |
| Website | altaba.com |
Altaba Inc. is a non-diversified, closed-end management investment company based in New York City[2] that was formed from the remains of Yahoo! Inc. after Verizon acquired Yahoo's Internet business.[3] The company that remained after the purchase changed its name to Altaba Inc. on June 16, 2017.[4][5][6] Verizon completed its acquisition of Yahoo!'s core internet business on June 13, 2017, and put the assets under a new subsidiary named Yahoo! Holdings within its newly created division, Oath.[7] The only Yahoo!-branded interest held by Altaba was its stake in the joint venture Yahoo! Japan but this stake has since been sold to SoftBank Group.[8][9]
Contents
1 History
1.1 1994–2017: Yahoo! Inc.
1.2 2017–present: Altaba Inc.
2 Assets
3 References
4 External links
History
1994–2017: Yahoo! Inc.
Altaba was founded in January 1994 by Jerry Yang and David Filo, who were Electrical Engineering graduate students when they created a website named "Jerry and David's Guide to the World Wide Web". The Guide was a directory of other websites, organized in a hierarchy, as opposed to a searchable index of pages. In April 1994, Jerry and David's Guide to the World Wide Web was renamed "Yahoo!".[10][11] The word "YAHOO" is a backronym for "Yet Another Hierarchically Organized Oracle"[12] or "Yet Another Hierarchical Officious Oracle."[13] The yahoo.com domain was created on January 18, 1995.[14]
Yahoo! grew rapidly throughout the 1990s and diversified into a web portal, followed by numerous high-profile acquisitions. The company's stock price skyrocketed during the dot-com bubble and closed at an all-time high of US$118.75 in 2000;[15] however, after the dot-com bubble burst, it reached an all-time low of US$8.11 in 2001.[16] Yahoo! formally rejected an acquisition bid from the Microsoft Corporation in 2008.[17] In early 2012, the largest layoff in Yahoo!'s history was completed and 2,000 employees (14 percent of the workforce) lost their jobs.[18]
Carol Bartz replaced co-founder Jerry Yang as CEO in January 2009,[19] but was fired by the board of directors in September 2011; Tim Morse was appointed as interim CEO following Bartz's departure.[20] Former PayPal president Scott Thompson became CEO in January 2012 and after he resigned was replaced by Ross Levinsohn as the company's interim CEO on May 13, 2012. On July 16, former Google executive Marissa Mayer, became the CEO of the company.[21]
The media reported on Yahoo!'s interest in the video streaming site Hulu on May 26, 2013. Under Mayer's leadership, Yahoo!'s bid is worth between US$600 and $800 million, as a variety of options that consist of different circumstances were put forward by the company.[22] As of May 28, 2013, Yahoo!'s videos attract 45 million unique visitors a month, while Hulu has 24 million visitors—the combination of the two audiences can place Yahoo! in the second-most popular position after Google and its subsidiary YouTube.[23]
Data collated by comScore during July 2013 revealed that more people in the U.S. visited Yahoo! websites during the month in comparison to Google websites—the occasion was the first time that Yahoo! outperformed Google since 2011. The data did not incorporate visit statistics for the Yahoo!-owned Tumblr website or mobile phone usage.[24]
On September 22, 2016, Yahoo disclosed a data breach in which hackers stole information associated with at least 500 million user accounts in late 2014.[25] According to the BBC, this was the largest technical breach reported to date.[26] Specific details of material taken include names, email addresses, telephone numbers, encrypted or unencrypted security questions and answers, dates of birth, and encrypted passwords.[27] The breach used manufactured web cookies to falsify login credentials, allowing hackers to gain access to any account without a password.[28][29][30] On December 14, 2016 a separate data breach, occurring earlier around August 2013 was reported. This breach affected over 1 billion user accounts and is again considered the largest discovered in the history of the Internet.[31]
On June 13, 2017, following the departure of Marissa Mayer, Thomas J. McInerney was appointed chairman and CEO of Yahoo! Inc.[32]
2017–present: Altaba Inc.
On June 16, 2017, the company that remained after Verizon Communications purchased the core Internet businesses of Yahoo! Inc. was renamed Altaba Inc. The new company, listed by the Securities and Exchange Commission as a "non-diversified, closed-end management investment company,"[6][33] immediately began trading on NASDAQ under the ticker symbol AABA.[34]
In September 2018, Altaba settled three lawsuits relating to Yahoo's data breaches for $47 million.[35]
On September 17, 2018, Altaba announced the sale of their stake in Yahoo Japan Corporation for $4.3 billion.[36] On the same day, Altaba announced a $5.75 billion repurchase program.[37]
Assets
Altaba owns Excalibur IP, a patent company; controls a significant minority interest in Alibaba Group (16.3%);[38] and maintains investments in Hortonworks, Gomaji, Envestnet, Rimage Corporation, SeatGeek, Protagenic Therapeutics, Eastman Kodak Company, and Paperless Post.[39] The Fund’s external investment advisors are BlackRock Advisors, LLC and Morgan Stanley Smith Barney LLC.
The company has divested itself of all holdings in Snap Inc. (the owner of Snapchat)[40] and Yahoo! Japan.[41]
References
^ Fuscaldo, Donna (June 21, 2017). "What Is Altaba Anyway?"..mw-parser-output cite.citationfont-style:inherit.mw-parser-output .citation qquotes:"""""""'""'".mw-parser-output .citation .cs1-lock-free abackground:url("//upload.wikimedia.org/wikipedia/commons/thumb/6/65/Lock-green.svg/9px-Lock-green.svg.png")no-repeat;background-position:right .1em center.mw-parser-output .citation .cs1-lock-limited a,.mw-parser-output .citation .cs1-lock-registration abackground:url("//upload.wikimedia.org/wikipedia/commons/thumb/d/d6/Lock-gray-alt-2.svg/9px-Lock-gray-alt-2.svg.png")no-repeat;background-position:right .1em center.mw-parser-output .citation .cs1-lock-subscription abackground:url("//upload.wikimedia.org/wikipedia/commons/thumb/a/aa/Lock-red-alt-2.svg/9px-Lock-red-alt-2.svg.png")no-repeat;background-position:right .1em center.mw-parser-output .cs1-subscription,.mw-parser-output .cs1-registrationcolor:#555.mw-parser-output .cs1-subscription span,.mw-parser-output .cs1-registration spanborder-bottom:1px dotted;cursor:help.mw-parser-output .cs1-ws-icon abackground:url("//upload.wikimedia.org/wikipedia/commons/thumb/4/4c/Wikisource-logo.svg/12px-Wikisource-logo.svg.png")no-repeat;background-position:right .1em center.mw-parser-output code.cs1-codecolor:inherit;background:inherit;border:inherit;padding:inherit.mw-parser-output .cs1-hidden-errordisplay:none;font-size:100%.mw-parser-output .cs1-visible-errorfont-size:100%.mw-parser-output .cs1-maintdisplay:none;color:#33aa33;margin-left:0.3em.mw-parser-output .cs1-subscription,.mw-parser-output .cs1-registration,.mw-parser-output .cs1-formatfont-size:95%.mw-parser-output .cs1-kern-left,.mw-parser-output .cs1-kern-wl-leftpadding-left:0.2em.mw-parser-output .cs1-kern-right,.mw-parser-output .cs1-kern-wl-rightpadding-right:0.2em
^ "Yahoo Completes Sale Of Operating Business; Company To Be Re-Named Altaba And Register As Investment Company". TheStreet.com. June 13, 2017. Retrieved June 28, 2017.
^ Natalie Walters (January 10, 2017). "Yahoo! Set to Thrive Under New Altaba Name Thanks to Alibaba Stake". TheStreet.com. Retrieved June 28, 2017.
^ "Altaba Announces 2017 Annual Meeting of Stockholders". businesswire.com. June 16, 2017. Retrieved June 16, 2017.
^ "Business Search - Business Entities - Business Programs - California Secretary of State". businesssearch.sos.ca.gov. June 16, 2017. Retrieved June 16, 2017.
^ ab "8-K". sec.gov. June 16, 2017. Retrieved June 16, 2017.
^ Kharpal, Arjun (June 13, 2017). "Verizon completes acquisition of Yahoo as Marissa Mayer resigns". CNBC. Retrieved June 13, 2017.
^ "Yahoo Completes Sale Of Operating Business; Company To Be Re-Named Altaba And Register As Investment Company". TheStreet.com. June 13, 2017. Retrieved June 28, 2017.
^ Chin, Kimberly (2018-09-17). "Altaba Sells Remaining Yahoo Japan Shares". Wall Street Journal. ISSN 0099-9660. Retrieved 2019-01-28.
^ David G. Thomson (2006). Blueprint to a Billion. Wiley-Interscience. p. 155. ISBN 978-0-471-77918-6.
^ Ethan Trex. "Jerry and David's Guide to the World Wide Web becomes "Yahoo!"". Blogs.static.mentalfloss.com. Archived from the original on February 2, 2012. Retrieved August 24, 2010.
^ Gaffin, Adam (September 11, 1995). "Hello, Is Anyone Out There?". Network World.
^ "The History of Yahoo! – How It All Started..." Yahoo! Media Relations. 2005. Archived from the original on April 2, 2013. Retrieved July 7, 2012.
^ "WHOIS information for: yahoo.com:". networksolutions.com.
^ Simon Holland (July 2012). "Yahoo: An 18-year timeline of events". PerformanceIN. PerformanceIN. Retrieved 27 May 2013.
^ Linder, Karen (2012). The Women of Berkshire Hathaway. Hoboken, New Jersey: John Wiley & Sons. p. 199. ISBN 9781118182628. Retrieved 27 May 2013.Shortly after the 9/11 attacks, on September 26, 2001, Yahoo!'s stock hit its all-time low of $8.11.
^ "Yahoo rejects Microsoft approach". BBC News Online. February 11, 2008. Retrieved 2008-02-17.
^ "Yahoo lays off 2,000 employees". Reuters. 4 April 2012. Retrieved 27 May 2013.
^ http://news.bbc.co.uk/2/hi/business/8317476.stm Job cuts help Yahoo profits surge
^ AP (16 September 2011). "Tim Morse, Interim Yahoo CEO, Gets 25 Percent Raise To $750,000". The Huffington Post. Retrieved 27 May 2013.
^ ANDREW ROSS SORKIN; EVELYN M. RUSLI (16 July 2012). "A Yahoo Search Calls Up a Chief From Google". The New York Times. Retrieved 27 May 2013.
^ Kara Swisher (26 May 2013). "Yahoo's Bid for Hulu in $600M to $800M Range — Even as It Preps Other Big Deals in Mobile and Communications". All Things D. Dow Jones & Company Inc. Retrieved 28 May 2013.
^ Christopher Mims (28 May 2013). "An $800 million bid for Hulu is safe, boring, and exactly the right move for Yahoo". Quartz. Retrieved 28 May 2013.
^ Juliet Garside (23 August 2013). "Google overtaken by Yahoo! in US website visitors for first time in two years". The Guardian. Retrieved 24 August 2013.
^ "Yahoo Says Hackers Stole Data on 500 Million Users in 2014". New York Times. September 22, 2016. Retrieved 22 September 2016.
^ "Yahoo 'state' hackers stole data from 500 million users". BBC. 23 September 2016. Retrieved 23 September 2016.
^ "Yahoo 'state' hackers stole data from 500 million users". BBC News. September 23, 2016. Retrieved September 23, 2016.
^ "Yahoo discovered hack leading to major data breach two years before it was disclosed". The Washington Post. Retrieved 10 November 2016.
^ "Yahoo knew of 'state-backed' hack in 2014". BBC. Retrieved 10 November 2016.
^ Newman, Lily Hay (December 14, 2016). "Hack Brief: Hackers Breach a Billion Yahoo Accounts. A Billion". Wired. Retrieved December 15, 2016.
^ Goel, Vindu (December 14, 2016). "Yahoo Says 1 Billion User Accounts Were Hacked". New York Times. Retrieved December 14, 2016.
^ "Altaba, Inc". altaba.com. June 19, 2017. Retrieved June 19, 2017.
^ "Yahoo to Become Alibaba Alter Ego with Name Change - Caixin Global". caixinglobal.com. Retrieved 2018-08-27.
^ "Altaba, formerly Yahoo, starts trading on Nasdaq". CNBC. June 19, 2017. Retrieved June 28, 2017.
^ "Altaba to settle lawsuits relating to Yahoo data breach for $47 million". TechCrunch. Retrieved 2019-03-18.
^ Chin, Kimberly (2018-09-17). "Altaba Sells Remaining Yahoo Japan Shares". Wall Street Journal. ISSN 0099-9660. Retrieved 2019-03-18.
^ Pan, Kwan Yuk (2018-09-17). "Altaba announces new $5.75bn share buyback programme". Financial Times. Retrieved 2019-03-18.
^ Paul R. La Monica (June 19, 2017). "Verizon and all new Oath Inc. Story of Yahoo, AOL and Altaba". CNN Money. Retrieved June 28, 2017.
^ "Holdings". Altaba. Archived from the original on July 31, 2017. Retrieved June 28, 2017.
^ "The Company Formerly Known as Yahoo Just Gave Up on Snapchat". Fortune. Retrieved 2018-02-22.
^ "SEC Filing | Altaba Inc". www.altaba.com.
External links
Official website
- Business data for Altaba: Google Finance
- Yahoo! Finance
- Bloomberg
- Reuters
- SEC filings
- Business data for Altaba: Google Finance
