Will new Yahoo CEO increase the chances of a Microsoft deal? |
Follow the ups and downs of a new Seattle startup in a series of behind-the-scenes posts by its founders.
Jerry Yang
Yahoo's announcement this afternoon that Jerry Yang will step down as CEO is sure to spark new speculation about the possibility of a deal with Microsoft. For better or worse, Yang's initial aversion to Microsoft's acquisition offer set the stage for months of wrangling that ultimately led the Redmond company to wash its hands of the entire situation.
Microsoft had no comment this afternoon. The company has made it clear in recent months that it's not interested in attempting again to acquire all of Yahoo. However, with a new Yahoo CEO at the helm, a combination of the companies' search businesses might become more realistic, particularly with Yahoo's Google's deal recently unraveling. Adding Yahoo's search business remains a quick way for Microsoft to build market share against Google.
Then again, it's possible to make too much of today's news. After all, the entire Yahoo board was involved in evaluating and responding to the Microsoft acquisition offer. And more recently, Yang himself seemed to open the door again to the possibility of a Microsoft deal.
Yang will remain involved with the Sunnyvale, Calif., company as its "Chief Yahoo," returning to his former role. He will also remain on the company's board and participate in the search for a new CEO. Kara Swisher of AllThingsD has a copy of Yang's e-mail to employees, in which he writes, in his trademark lowercase, that "the time is now right to transition to a new ceo who can take the company to the next level."
Todd Bishop is co-founder and managing editor of TechFlash. He has covered Microsoft and the technology industry for more than five years, most recently as a daily newspaper reporter and blogger based in Seattle.
READ FULL BIOGRAPHYSeattle Repertory Theatre presents Glengarry Glen Ross Feb 5th to Feb 28th
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WTIA 15th Annual Industry Achievement Awards
Held on March 4th at the Showbox SODO, this casual event celebrates and recognizes some of the best emerging and established companies in the Washington Tech Industry. The evening will feature a finalist company technology showcase and a variety of coffee, chocolate, and wine samples from local companies. More than 800 attendees are expected to be present at the celebration. Public online voting for Technology Leader of Tomorrow Scholarships will open February 3rd on the WTIA site.
We congratulate the 2010 finalists and look forward to unveiling the winners on March 4th. REGISTER NOW!