Reuters reports that Jerry Yang will step down as the CEO of Yahoo as soon as the board finds a replacement. After rejecting Microsoft’s offer, Yang’s situation got more complicated especially after Yahoo’s advertising deal with Google didn’t see light due to regulatory concerns.
Reuters also reported that Yahoo failed to sign a deal with Time Warner about combining with its AOL unit, which could of increased Yahoo’s earnings. I guess Microsoft now has a very good chance to acquire Yahoo for even less than the previous offer. Read more on Reuters.
Reuters
