Original title: Yahoo clears Alibaba shares and sells 1 million shares on Monday Source: Titanium Media

Titanium Media reported on January 15 that on Tuesday the 14th EST, Altaba, an investment fund formerly known as Yahoo, revealed in documents submitted to the US Securities Regulatory Commission (SEC) that starting Monday, January 13, it sold all remaining Alibaba Group shares. On Monday, January 13, it had sold 1 million shares at an average price of 229 US dollars, with transaction income of 2.29 trillion US dollars.

Altaba said it will clear the warehouse in the next few days and announce the sell-off activity every day on its official website, www.altababa.com. The exact time of sale, number of shares and sale price will be determined by Altababa at that time.

Altaba is a new company name after Yahoo sold its core business in 2017. At that time, Yahoo sold the internet business to US telecom giant Verizon for 4.8 billion US dollars and established an investment management company called Altaba.