It must have been a heartbreaking decision, but Jerry Yang, co-founder of venerable but battered search engine Yahoo, agreed to step down as the company’s CEO as soon as the board of directors finds someone else to fill that role. In this article I plan to take a look at the factors that got Yahoo into its current mess, and how it may go forward.
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Tag Archives: Jerry Yang
Yahoo Rejects Microsoft Bid
Just one week after Microsoft made its surprising $44.6 billion cash and stock bid to purchase Yahoo, the venerable search engine rejected the bid. As if to add insult to injury, Yahoo’s board of directors agreed unanimously. Someone get me some popcorn; the fight is just beginning.
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Microsoft Makes $44.6 Billion Bid for Yahoo!
The bid made jaws drop everywhere. Still, it shouldn’t have surprised anyone, given Microsoft’s 18-month-long on-again, off-again attempts to partner with or acquire Yahoo. It leaves the rest of us asking two questions: what are the deal’s implications? And will it actually go through?
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