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What Is Altaba Inc. Up To?

TheMotleyFool

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What Is Altaba Inc. Up To?Photo, wide shot, wide-angle lens, soft focus, IT consulting firm, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Sebastião Salgado: https://oaidalleapiprodscus.blob.core.windows.net/private/org-IbuNdCATsFaPOITjFOv2kJh3/user-AXaxqjBUW45D8BadJEo9mUpW/img-uhXP0RHYYxDepjmHeSp1K8bF.png?st=2023-05-07T15%3A26%3A44Z&se=2023-05-07T17%3A26%3A44Z&sp=r&sv=2021-08-06&sr=b&rscd=inline&rsct=image/png&skoid=6aaadede-4fb3-4698-a8f6-684d7786b067&sktid=a48cca56-e6da-484e-a814-9c849652bcb3&skt=2023-05-07T16%3A18%3A55Z&ske=2023-05-08T16%3A18%3A55Z&sks=b&skv=2021-08-06&sig=4pcJOd8aEI1799liUV13F4ElqO7e4RZy8sa1PEeeNZA%3D

Altaba (NASDAQ: AABA) just published an update on the focused investing company's financial health. The company formerly known as Yahoo! is a very different beast since it sold its operations to Verizon (NYSE: VZ) and refocused on the management of a few investments overseas.

The company owns 14.7% of China-based e-commerce giant Alibaba (NYSE: BABA) and a 35% stake in former subsidiary Yahoo Japan, an online search and marketing service in the land of the rising sun. How have these core investments treated Altaba since the July update?

Let's have a look.

Source: Fool.com