Report of Independent Registered Public Accounting Firm

To the Board of Directors and Shareholders of Altaba Inc.

In planning and performing our audit of the consolidated financial
statements of Altaba Inc. and its subsidiary ("the Fund") as of
December 31, 2017 and for the period June 16, 2017 (commencement
of operations) through December 31, 2017, in accordance with the
standards of the Public Company Accounting Oversight Board (United
States), we considered the Fund's internal control over financial
reporting, including controls over safeguarding securities, as a
basis for designing our auditing procedures for the purpose of
expressing our opinion on the consolidated financial statements
and to comply with the requirements of Form N-SAR, but not for
the purpose of expressing an opinion on the effectiveness of the
Fund's internal control over financial reporting.  Accordingly,
we do not express an opinion on the effectiveness of the Fund's
internal control over financial reporting.

The management of the Fund is responsible for establishing and
maintaining effective internal control over financial reporting.
In fulfilling this responsibility, estimates and judgments by
management are required to assess the expected benefits and related
costs of controls.  A fund's internal control over financial
reporting is a process designed to provide reasonable assurance
regarding the reliability of financial reporting and the
preparation of consolidated financial statements for external
purposes in accordance with generally accepted accounting principles.
A fund's internal control over financial reporting includes those
policies and procedures that (1) pertain to the maintenance of
records that, in reasonable detail, accurately and fairly reflect
the transactions and dispositions of the assets of the fund; (2)
provide reasonable assurance that transactions are recorded as
necessary to permit preparation of consolidated financial statements
in accordance with generally accepted accounting principles, and
that receipts and expenditures of the fund are being made only
in accordance with authorizations of management and directors of
the fund; and (3)  provide reasonable assurance regarding prevention
or timely detection of unauthorized acquisition, use or disposition
of a fund's assets that could have a material effect on the
consolidated financial statements.

Because of its inherent limitations, internal control over financial
reporting may not prevent or detect misstatements.  Also, projections
of any evaluation of effectiveness to future periods are subject to
the risk that controls may become inadequate because of changes in
conditions, or that the degree of compliance with the policies or
procedures may deteriorate.

A deficiency in internal control over financial reporting exists when
the design or operation of a control does not allow management or
employees, in the normal course of performing their assigned functions,
to prevent or detect misstatements on a timely basis.  A material
weakness is a deficiency, or a combination of deficiencies, in internal
control over financial reporting, such that there is a reasonable
possibility that a material misstatement of the Fund's annual or interim
consolidated financial statements will not be prevented or detected on
a timely basis.

Our consideration of the Fund's internal control over financial reporting
was for the limited purpose described in the first paragraph and would
not necessarily disclose all deficiencies in internal control over
financial reporting that might be material weaknesses under standards
established by the Public Company Accounting Oversight Board (United
States).  However, we noted no deficiencies in the Fund's internal control
over financial reporting and its operation, including controls over
safeguarding securities, that we consider to be material weaknesses as
defined above as of December 31, 2017.

This report is intended solely for the information and use of management
and the Board of Directors of Altaba Inc. and its subsidiary and the
Securities and Exchange Commission and is not intended to be and should
not be used by anyone other than these specified parties.

/s/PricewaterhouseCoopers LLP

February 26, 2018
New York, New York

Information relating to potentially material litigation to which the Fund
is a party is described under "Legal Contingencies" in the Fund's
annual report to shareholders for the period from June 16, 2017
to December 31, 2017 and is incorporated herein by reference.