Yahoo said in its filing that Altaba is more likely to sell its Yahoo Japan stock than sell its Alibaba shares, but it gave no further details. Altaba will be led by Thomas McInerney, the Yahoo director who led the Verizon sale process.
The filing also disclosed that Yahoo invested in Snap, one of Silicon Valley’s hottest companies, buying 2.3 million shares in a March 2015 fund-raising round that priced the shares at $10.86. After a stock split that doubled the number of shares Yahoo owned, Snap went public in March. Snap shares are now trading at $21.20, valuing Yahoo’s stake at $98 million.
Yahoo also owns stakes in Hortonworks, an enterprise software company; Paperless, a digital event invitation service; and SeatGeek, a ticket reselling service. The company valued Excalibur, its portfolio of patents that are up for sale, at $740 million.
The 2014 data breach prompted Yahoo and Verizon to renegotiate their original deal, which was struck in July. Eventually, they agreed to cut the price by $350 million.
Correction: April 24, 2017
An earlier version of this article misstated the amount of Snap stock owned by Yahoo. The company owns 4.6 million shares valued at $98 million, not 2.3 million shares valued at $49 million.
