Altaba has announced its board has approved the liquidation and dissolution of the entity, wherein Altaba, Alibaba's second-largest stakeholder, intends to sell its remaining 11% stake in the Jack Ma-led company. Verizon acquired Yahoo's core internet business in 2017 and Yahoo's remaining business was renamed Altaba to keep its 15% stake in Alibaba and a 35.5% stake in Yahoo Japan.