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Consumer Discretionary : Internet & Direct Marketing Retail | Large Cap GrowthCompany profile

Altaba Inc. (the Fund), formerly Yahoo! Inc., is a non-diversified, closed-end management investment company. The Fund seeks to track the combined investment return of the Alibaba Shares and the Yahoo Japan Shares it owns. Alibaba Shares represent an approximate 15% equity interest in Alibaba Group Holding Limited (Alibaba), and its Yahoo Japan Corporation (Yahoo Japa) Shares represent an approximate 36% equity interest in Yahoo Japan. In addition to the Alibaba Shares and the Yahoo Japan Shares, the Fund also owns the minority investments, all of the equity interests in Excalibur IP, LLC (which owns the Excalibur IP Assets) and the marketable debt securities portfolio. The Fund’s external investment advisors are BlackRock Advisors, LLC and Morgan Stanley Smith Barney LLC.

Price
Delayed
$64.56
Day's Change
0.23 (0.36%)
Bid
--
Ask
--
B/A Size
--
Day's High
65.45
Day's Low
63.89
Volume
(Heavy Day)

Today's volume of 8,722,998 shares is on pace to be much greater than AABA's 10-day average volume of 8,260,815 shares.

8,722,998

BlackRock and Microsoft to Reimagine Retirement

11:00 am ET December 13, 2018 (BusinessWire) Print

BlackRock and Microsoft are reimagining America's path toward achieving greater financial security in retirement. Bringing together BlackRock's investment capabilities and Microsoft's technology strength, the two companies are jointly exploring next generation solutions to help more people make better decisions as they work toward their financial goals in retirement.

The traditional pension system that generations of workers depended on for lifetime income has been upended, leaving millions of people with the responsibility to plan for and fund their own retirement. Today, many people are struggling with the difficult tasks of saving, investing and spending their own retirement assets. This shift in responsibility, from corporations to individuals, combined with ever increasing life-spans, has created a need to reimagine a new approach to securing a sound financial future in retirement - one that is powered by innovative investment solutions and the most advanced, trusted and cutting-edge technologies.

Technology is already revolutionizing entire industries and the way people interact with everything from health care to education and transportation. And yet, retirement solutions of today have been slow to keep pace. Taking advantage of Microsoft's cutting-edge technologies and innovative investment products from BlackRock, the companies aim to make it easier for people to both save for retirement and achieve the lifetime income they need through their employers' workplace savings plan.

The companies are exploring the development of a new platform that helps people develop better saving and investing habits through more regular engagement with their retirement assets so that they have a clearer picture of how their contributions today will translate to long-term retirement income. BlackRock intends to offer the platform in connection with next generation investment products that it will design and manage. The new products from BlackRock will seek to provide a lifetime of income in retirement and would be made available to U.S. workers through their employers' workplace savings plan.

"Retirement systems worldwide are under stress and providing financial security to retirees has become one of the most defining societal challenges of our time," said Laurence D. Fink, Chairman and CEO of BlackRock. "BlackRock has a tremendous responsibility to help solve this challenge, and we recognize the need to act now. Working with Microsoft will enable us to build a powerful solution for millions of hardworking Americans."

"Today millions of Americans are struggling to achieve their financial goals for retirement," said Satya Nadella, CEO of Microsoft. "Together with BlackRock we will apply the power of the cloud and AI to introduce new solutions that address this important challenge and reimagine retirement planning."

About BlackRock

BlackRock helps investors build better financial futures. As a fiduciary to our clients, we provide the solutions they need when planning for their most important goals. As of September 30, 2018, the firm managed approximately $6.44 trillion in assets on behalf of investors worldwide. For additional information on BlackRock, please visit www.blackrock.com.

About Microsoft

Microsoft (Nasdaq "MSFT" @microsoft) enables digital transformation for the era of an intelligent cloud and an intelligent edge. Its mission is to empower every person and every organization on the planet to achieve more.

http://cts.businesswire.com/ct/CT?id=bwnews&sty=20181213005415r1&sid=cmtx6&distro=nx&lang=en

View source version on businesswire.com: https://www.businesswire.com/news/home/20181213005415/en/

SOURCE: BlackRock

BlackRockJessica GreaneyJessica.Greaney@BlackRock.com(212) 810-5498MicrosoftWE Communications for Microsoftrapidresponse@we-worldwide.com(425) 638-7777

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