Jerry Yang is stepping down as Yahoo's CEO. He assumed that role on June 18, 2007, and this is his stock price legacy ...
The big spike at the beginning of February 2008 corresponds to Microsoft's bid for Yahoo. The initial offer: $31 per share. Microsoft eventually raised its bid, but it never came close to the asking price. And Yahoo's has been taking two steps down and one step up since Microsoft walked away.
Now the question everyone is asking: when will Microsoft enter the picture again? The answer seems to be, as soon as Yahoo gets a new CEO.
UPDATE: Yahoo's stock jumped up today, responding favorably to the news of Yang's departure. He has been portrayed as the stumbling block in negotiations with Microsoft, and it appears the market is expecting some sort of move now that Yang is gone. Unfortunately for Yahoo's shareholders, that move, if it comes, will not come close to Microsoft's initial offer. Then again, Microsoft's stock isn't what it was in February, either.
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1. Posted by Terry Cummings on November 19, 2008 @ 9:00 | Permalink
Bad time for google!
I have a strong feeling that with the replacement of Jerry Yang, MSN will accquire Yahoo.And this will mean a real big competition for Google.
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