Tuesday, November 18, 2008

Yahoo's Yang Steps Down After Microsoft, Yahoo Deals Wither

Yahoo's Yang Steps Down After Microsoft, Yahoo Deals Wither

Nov. 17 (Bloomberg) -- Yahoo! Inc. Chief Executive Officer Jerry Yang will step down, following his failure to negotiate a takeover by Microsoft Corp. and broker an online advertising agreement with Google Inc.

Yahoo is searching for a new CEO, the company said today in a Business Wire statement.

BLOOMBERG

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