Inactive Instrument

Yahoo ! Nasdaq

Equities

US9843321061

Yahoo : to suspend Daily Fantasy Sports in New York

March 22, 2016 at 02:20 pm EDT

(Reuters) - Yahoo Inc will suspend offering paid Daily Fantasy Sports contests in New York from Wednesday, a Yahoo spokesman said on Tuesday.

A probe by New York State's attorney general into the fast-growing, multibillion-dollar daily fantasy sports industry had been expanded to include Yahoo in November.

Top daily fantasy sports companies FanDuel and DraftKings agreed to halt their business in New York on Monday, betting on a legislative path to make the games legal after a months-long fight with the state's attorney general.

The Yahoo spokesman said the decision does not impact users in other states.

(Reporting by Alan John Koshy in Bengaluru; Editing by Anil D'Silva)

Stocks mentioned in the article

	Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
	DEERE & COMPANY	394.6 USD	-0.68%	-0.57%	110B
	DRAFTKINGS INC.	40.85 USD	-0.84%	-3.22%	19.43B

Latest news about Yahoo !

Altaba Inc. Reports Earnings Results for the Full Year Ended December 31, 2023	Feb. 15	CI
Altaba Inc. Reports Earnings Results for the Half Year Ended June 30, 2023	23-08-11	CI
Altaba Inc. Reports Earnings Results for the Full Year Ended December 31, 2022	23-02-10	CI
Altaba Inc. Announces Liquidating Distribution, Payable February 17, 2023	23-02-09	CI
Altaba Inc. Announces Liquidating Distribution, Payable on January 13, 2023	23-01-05	CI
Verizon Partners with Reset Digital and Yahoo to Drive Diverse Media Outcomes	22-10-27	CI
Yahoo Promotes Sebastian Graham to Director of Native APAC	22-08-23	CI
Altaba Inc. Reports Earnings Results for the Half Year Ended June 30, 2022	22-08-12	CI
Altaba Inc. Announces Liquidating Distribution, Payable on July 29, 2022	22-07-21	CI
Yahoo Announces 6 New Members to Board of Directors	22-07-05	CI
Altaba Inc. Announces Liquidating Distribution, Payable on June 7, 2022	22-05-27	CI
Altaba Inc. Announces Liquidating Distribution, Payable on March 15, 2022	22-03-07	CI
Altaba Inc. Reports Earnings Results for the Full Year Ended December 31, 2021	22-02-11	CI
Altaba Inc. Announces Executive Changes	21-12-21	CI
Altaba Inc. Announces Liquidating Distribution, Payable on December 30, 2021	21-12-21	CI
Altaba Inc. Announces Executive Changes	21-11-18	CI
Altaba Inc. Announces Management Changes	21-11-18	CI
Altaba Inc. Reports Earnings Results for the Half Year Ended June 30, 2021	21-08-20	CI
Altaba Inc. Announces Liquidating Distribution, Payable on September 1, 2021	21-08-20	CI
Altaba Inc. Announces Liquidating Distribution, Payable on August 5, 2021	21-07-26	CI
Verizon Reportedly Explores Sale of Media Assets, Including Parts of Yahoo and AOL	21-04-27	CI
Altaba Inc. Reports Earnings Results for the Full Year Ended December 31, 2020	21-02-02	CI
Altaba Inc. Approves Liquidating Distribution Payable on November 2, 2020	20-10-26	CI
Altaba Inc. Reports Earnings Results for the Half Year Ended June 30, 2020	20-08-25	CI
Altaba Inc. Reports Earnings Results for the Full Year Ended December 31, 2019	20-02-24	CI

Chart Yahoo !

Duration

Period

More charts

Company 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.

Sector

More about the company