AABA Altaba Inc

Item 8.01. Other Events.

Altaba Inc. (the “Fund”) announced that, in connection with its previously announced Plan of Complete Liquidation and Dissolution, on January 13, 2020, the Fund began selling its remaining holdings of Alibaba Group Holding Limited’s American Depositary Shares (the “Alibaba Shares”), commencing with the sale on such date of 1,000,000 Alibaba Shares at an average price per Alibaba Share of $229.00 for total proceeds of $229 million. The Fund currently anticipates completing the sale of all of such Alibaba Shares in the coming days and intends to report its sales activity daily on its website, www.altaba.com. The actual timing, volume and prices of any such sales remain at the Fund’s discretion.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION

This document contains forward-looking statements concerning the Fund’s intention to sell its remaining Alibaba Shares. Without limiting the foregoing, words or phrases such as “will likely result,” “are expected to,” “will continue,” “anticipate,” “estimate,” “project,” “believe,” “intend” or similar expressions are intended to identify forward-looking statements. These statements are not statements of historical facts and do not reflect historical information. Forward-looking statements are subject to numerous risks and uncertainties and actual results may differ materially from those statements. Such risks and uncertainties relate to, among other things, the ability of the Fund to sell the Alibaba Shares at times, in amounts and at prices consistent with the Fund’s intentions. Further information regarding the risks, uncertainties and other factors that could cause actual results to differ from the results in these forward-looking statements are discussed under the section “Risk Factors” in the proxy statement filed with the U.S. Securities and Exchange Commission on May 17, 2019, as supplemented. The forward-looking statements included in this document are made only as of the date hereof.

The Fund does not undertake any obligation to update or supplement such forward-looking statements to reflect events or circumstances after the date hereof, except as required by law. Because the Fund is an investment company, the forward-looking statements and projections in this press release are excluded from the safe harbor protection provided by Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended.