Altaba: Is Yahoo Stealing a Pakistani Business's Name?
Altaba, the new name for Yahoo after its deal with Verizon, is currently the name of a Pakistan-based company spelled as Al-Taba, according to the New York Times . Is this plagiarism? Not only is the new Altaba a much bigger company than Al-Taba , the two companies operate in totally different industries: The Pakistani company manufactures surgical and beauty scissors. The new name for what will remain of Yahoo is a combination of words “alternative and Alibaba,” according to a person familiar with the company’s thinking, who spoke on the condition of anonymity to the Washington Post . After the rest of the company is purchased by Verizon for under $5 billion, Altaba's biggest remaining asset will be its 15% stake worth $35 billion in the Chinese company Alibaba. In addition, Altaba will also own 35.5% of Yahoo Japan. As to the Pakistani company Al-Taba, its website describes it as "one of the largest private manufacturers and expo...