SoftBank, a Japanese multinational conglomerate holding company headquartered in Tokyo, completed the acquisition of Yahoo Japan, a Japanese internet company, from Altaba, a non-diversified, closed-end management investment company based in New York City, for $2bn. "This transaction allows us to sell a meaningful portion of our shares at the current market price. We will also benefit, through our ongoing shareholdings, from the accretive buyback by Yahoo Japan and obtain greater flexibility regarding our remaining shareholdings going forward," Thomas McInerney, Altaba CEO.