AABA - Yahoo Japan Should Bounce Sharply After Altaba Is Done Selling It
Yahoo Japan (OTC: YAHOY/OTC: YAHOF) was the subsidiary of Yahoo, Inc. operating in Japan (self-explanatory). After Yahoo, Inc. was sold to Verizon (NYSE: VZ), Altaba (NASDAQ: AABA) and Softbank (OTC: SFTBY/OTC: SFTBF) became the most significant shareholders of the Japanese company.
As we all know by now, Altaba is looking to divest their stake in Yahoo Japan. Most likely because that company wants to facilitate a deal with Alibaba (NASDAQ: BABA) that could potentially unlock the unrealized gains without paying a multibillion-dollar tax on it. I recently