"In light of the fact that following the Closing the Company will operate as an ... | Hacker News

Hacker Newsnew | past | comments | ask | show | jobs | submit

powera on Jan 9, 2017 | parent | context | favorite | on: Yahoo SEC Filing: Name change to Altaba Inc and di...

"In light of the fact that following the Closing the Company will operate as an investment company under the Investment Company Act of 1940" - this is why. It will let Verizon save billions of dollars on Alibaba stock if it can get Yahoo out of the way.

http://fortune.com/2016/02/08/verizon-yahoo-alibaba-taxes/

harryh on Jan 10, 2017 [–]

It won't let verizon save anything. Verizon is purchasing the operating companies and has nothing to do with the alibaba shares.

Consider applying for YC's Fall 2025 batch! Applications are open till Aug 4
Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact