NEW YORK--(BUSINESS WIRE)--
Altaba Inc. ("Altaba" or the "Company") (NASDAQ:AABA) today announced
that Thomas J. McInerney, chief executive officer of Altaba, will
participate in a fireside chat at The Oppenheimer 20th Annual
Technology, Internet & Communications Conference in Boston,
Altaba is scheduled to appear at 1:45pm Eastern Time on Tuesday, August
Investors and other interested parties may register for and access a
live webcast of the conference presentation here: https://www.veracast.com/webcasts/opco/technology2017/58109122785.cfm.
About Altaba Inc.
Altaba Inc. (NASDAQ:AABA) is an independent, publicly traded,
non-diversified, closed-end management investment company registered
under the Investment Company Act of 1940. The fund's assets
primarily—but not entirely—comprise two investments: the first a
substantial position in Alibaba Group Holding Limited, which has become
one of the world's largest online retailers, and the second in Yahoo
Japan Corporation, now a leading Japanese internet company.
Prior to June 16, 2017, Altaba was known as "Yahoo! Inc." Altaba was
created from Yahoo! Inc. after the sale of its operating businesses, at
which time Yahoo! Inc. reorganized as an investment company, was renamed
Altaba Inc., and began trading under the Nasdaq ticker symbol AABA.
for more information.
This press release and Altaba's discussion and webcast may contain
"forward-looking statements" concerning the Fund. Risks and
uncertainties may cause actual results to differ materially from the
results predicted. Information about potential factors that could affect
the Fund's business and financial results will be included under the
caption "Risk Factors" in the Fund's Registration Statement on Form N-2,
which is available on the SEC's website at www.sec.gov
and on the Fund's website at www.altaba.com.
All information set forth in this communication is as of August 7, 2017.
The Fund does not intend, and undertakes no duty, to update this
information to reflect subsequent events or circumstances.
Forward-looking statements are based on the Fund's current expectations
about our investments and business, management's beliefs, and certain
assumptions made by the Fund, all of which are subject to change.
Forward-looking statements can often be identified by words such as
"anticipates," "expects," "intends," "plans," "predicts," "believes,"
"seeks," "estimates," "may," "will," "should," "would," "could,"
"potential," "continue," "ongoing," similar expressions, and variations
or negatives of these words. Examples of such forward-looking statements
include, but are not limited to, references to anticipated trends in
performance of Altaba's portfolio or assets, potential business or
regulatory developments that may affect the valuation of the Fund's
assets, or changes in the Fund's investment strategies or policies.
These forward-looking statements are not guarantees of future
performance and are subject to risks, uncertainties and assumptions that
could cause actual Fund performance to differ materially and adversely
from the views expressed in any forward-looking statement.
These risks and uncertainties include, but are not limited to the
Investments in the Fund may perform poorly and could result in your
entire investment being lost.
The Fund's investments in equity securities are volatile.
The Fund's share price may move adversely relative to the value of the
Fund's underlying assets.
The Fund's revenue sources may be limited.
The market price and net asset value of the Fund's common stock will
be materially impacted by the market price of Alibaba ADS' and of
Yahoo Japan shares and the Yen/USD foreign exchange rate.
The Fund's investment performance may be materially and adversely
affected by economic conditions and/or regulatory developments in the
PRC and Japan as well as globally.
The Fund's ability to sell or otherwise dispose of the Alibaba common
shares and its Yahoo Japan shares (if it determined to do so) is
limited or impacted by certain factors, including the size of such
stakes relative to average trading volumes, the Fund's low tax basis
in such investments, and, in the case of Yahoo Japan, certain
restrictions on sale of such shares due to Japanese regulations and
the provisions of the Fund's joint venture agreement with Yahoo Japan.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170807005155/en/
Alan Oshiki or Mike Pascale
Source: Altaba Inc.
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