Wrong. Verizon won't get any Asian equity.
What Verizon is purchasing from Yahoo is Yahoo's primary Internet assets, basically the stuff you read/use when you visit
www.yahoo.com (News, Sports, Finance, Flickr).
Yahoo Inc. will transform into Altbaba Inc. which will essentially be a holding company for its Asian assets (Alibaba and Yahoo Japan) and will deal with any shareholder suits arising from the renegotiated Verizon-Yahoo acquisition's lower sales price (about $0.37 per share).
Costs from hack-related litigation and government probes will be equally split between Verizon and Alibaba.
Here's an
Associated Press article on today's developments but Verizon knew from the beginning that it wasn't going to get an Asian equity.
That was part of Yahoo's conundrum in selling itself to prospective buyers, many YHOO shareholders value the Asian equity assets more valuable than the Internet operations. The value of the equity assets would suffer from dilution if they were part of the sale.