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Wednesday, November 19, 2008

Yang OUT - Google Yahoo Deal!

Google Yahoo Deal in TROUBLES - YANG Exits

Yahoo! Inc. Chief Executive Officer Jerry Yang is on a exit due to pressures from investors after talks with Microsoft failed and also online advertising agreement with Google Inc.

Yang - 40, will remain until Yahoo findd a replacement. Yang joined Yahoo ( 13yr old company) in July 2007.
According to the situation in Yahoo has been worse due to which the board members have tried to appoint a new CEO who can take company to next level. Sources state that the company has hired Heidrick & Struggles International Inc. to find a new CEO.

Google has called of the deal due to
U.S. regulators threatened a lawsuit to block the partnership, saying it would give Google too much power.

Yahoo share at close price : $ 10.63.

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