What You Need to Know About Altaba Inc. and Its Investments

What You Need to Know About Altaba Inc. and Its Investments

When Yahoo! sold its operating business to Verizon Communications (NYSE: VZ) for $4.48 billion, that was not the end of Yahoo as a publicly traded investment. What remains of the former Yahoo! company is now known as Altaba (NASDAQ: AABA), and operates as a closed-end management investment company with large holdings in a few handpicked companies. The company boasts a $56 billion market cap, dwarfing the Verizon deal's financial impact.

Altaba just shared its first financial update since the Verizon transaction, and also re-upped its share buyback program with a fresh $5 billion commitment. I'm here to give you a quick update on Altaba's affairs.

Let's start with an overview of Altaba's three largest holdings. That would be Alibaba (NYSE: BABA), Yahoo! Japan, and Snap (NYSE: SNAP).

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Source: Fool.com