Altaba to raise $4.3b by exiting Yahoo Japan stake

Altaba to raise $4.3b by exiting Yahoo Japan stake

Yahoo Japan Corp. employees speak to a customer in front of the company's logo at its headquarters in Tokyo, Japan, on Tuesday, June 18, 2013. Yahoo Japan, operator of the country's most-visited Web portal, targets at least 10 percent gain in revenue from advertisement this fiscal year on corporate demand, as the economy shows signs of improvement. Photographer: Akio Kon/Bloomberg

Altaba Inc., the holding company formed from the overseas investments of the former Yahoo! Inc., will raise about $4.34 billion by selling its entire stake in Yahoo Japan Corp.

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