On June 13, 2017, Yahoo Inc. completed the sale of its operating business to Verizon Communications Inc. Subsequently, the Company was renamed “Altaba Inc.” and began trading under the ticker symbol “AABA.” Because Altaba Inc.’s assets consist primarily of equity investments, short-term debt investments, and cash, the Company was required to register as an investment company under the Investment Company Act of 1940. The completion of the sale of the operating business to Verizon did not otherwise affect shares of Yahoo common stock, which now represent shares of common stock of the Company after it registered as an investment company and changed its name to “Altaba Inc.”