Altaba Announces Determination of the Number of Shares and Sale Price in Offering of Shares of Yahoo Japan Corporation

NEW YORK--(BUSINESS WIRE)--Altaba Inc. ("Altaba" or the "Fund") (NASDAQ: AABA) today announced the determination to sell all of the shares (the "Shares") of Yahoo Japan Corporation ("Yahoo Japan") common stock that it currently holds to certain managers (the "Managers") in connection with an offering of the Shares (the "Offering") at a price of ¥354 per share. Altaba currently holds 1,363,531,700 shares of Yahoo Japan common stock and, after completion of the Offering, will not hold any shares of Yahoo Japan. The Shares are expected to be delivered on September 14, 2018. The Offering is being made to qualified institutional buyers as defined in Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), and outside the United States and Japan in accordance with Regulation S under the Securities Act.