Altaba's Yahoo block sale shows Japan's deep market

The New York-listed holding company stunned the market by selling its 23.9% stake in Yahoo Japan via an overnight block trade. It probably couldn't have happened elsewhere in Asia.

Altaba, the holding company created by Verizon's acquisition of Yahoo! Inc's Internet business, sold $4.3 billion worth of shares in Yahoo Japan on Monday in what is the second-largest follow-on offering in Asia so far this year.

¬ Haymarket Media Limited. All rights reserved.

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