Mikkel Beck
User Junior Boarder
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Re:YHOO is top of the news..... - 2008/11/19 20:50
Hi
The hot news for YHOO is the co-founder Jerry Yang will step down as chief executive once the struggling Web portal finds a replacement.
Yahoo CEO Jerry Yang's resignation is giving investors hope that a Microsoft deal will follow. WSJ's Julia Angwin speaks to S&P analyst Scott Kessler about the shift.
The departure of Yang, 40, takes place after a rocky 17-month tenure marked by failed mergers and partnerships, as well as a plunging stock price. His resignation comes six months after Yahoo failed to close a merger deal with Microsoft Corp. which had offered $33 per share, or $47 billion, to buy the company.
So, now investors are hoping that a deal may happen between YHOO and MICROSOFT. For this reason the share price of the company may turn to upwards trend from now.
Thanks
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