Jerry Yang resigns from Yahoo!–will we learn the fate of Microsoft’s Bing-Yahoo! alliance soon?

By Kip Kniskern | Posted January 17, 2012 14 comments

yahooIn a press release today, Yahoo! announced the resignation from the Board of Directors and “all other positions with the company”, effective today.  Here’s Yang’s statement:

"My time at Yahoo!, from its founding to the present, has encompassed some of the most exciting and rewarding experiences of my life. However, the time has come for me to pursue other interests outside of Yahoo! As I leave the company I co-founded nearly 17 years ago, I am enthusiastic about the appointment of Scott Thompson as Chief Executive Officer and his ability, along with the entire Yahoo! leadership team, to guide Yahoo! into an exciting and successful future."

While the news is not entirely unexpected, it may be an indication that Yahoo! is about to bring closure to their state of affairs.  The company is potentially up for sale, to a number of potential buyers, including an investment partnership thought to include Microsoft and Silver Lake Partners.

Since the December 16th posting by Reuters, we haven’t heard much about the fate of Yahoo!, which is important to Microsoft because of the 10 year Bing-Yahoo! allianceBing recently overtook Yahoo! in US Search market share, but hasn’t as yet made a significant dent in the market share of its number one rival, Google.

While we’re not sure what the future of the Bing-Yahoo! alliance will be, or what today’s announcements will mean, we’re certainly one step closer to having a resolution, for now, to the Yahoo! situation.

Posted January 17th, 2012 at 2:30 pm
Category: News
Tags: Bing, Yahoo!
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  • Guest

    MSFT -.19%

    NASDAQ +1.21%

    LOL

    • http://www.LiveSide.net Kip Kniskern – LiveSide.net

      Yes MSFT is slightly down today (YHOO is up 2.79%), but actually MSFT has been doing fairly well of late, up 10.69% in the past month and up some 6% in the past 6 months, unusual numbers for Microsoft ;)

  • Guest

    MSFT -.19%

    NASDAQ +1.21%

    LOL

    • http://www.LiveSide.net Kip Kniskern – LiveSide.net

      Yes MSFT is slightly down today (YHOO is up 2.79%), but actually MSFT has been doing fairly well of late, up 10.69% in the past month and up some 6% in the past 6 months, unusual numbers for Microsoft ;)

  • http://www.todaydownload.com/ Todaydownload

    Analysts are expecting Yahoo to report revenues of $1.19 billion compared to $1.5 billion last year.

  • http://www.todaydownload.com/ Todaydownload

    Analysts are expecting Yahoo to report revenues of $1.19 billion compared to $1.5 billion last year.

  • stuxstu

    Nothing can change with the agreement that Yahoo! and Microsoft have. It is a contract
    and unless both parties agree to a change, nothing changes. The only really potential for ending the agreement is what would be in the performance part of the contract (e.g. goals and if they miss them by X amount).

    This is all under contract law… I am sure the high paid lawyers did their job.

  • Anonymous

    Nothing can change with the agreement that Yahoo! and Microsoft have. It is a contract
    and unless both parties agree to a change, nothing changes. The only really potential for ending the agreement is what would be in the performance part of the contract (e.g. goals and if they miss them by X amount).

    This is all under contract law… I am sure the high paid lawyers did their job.

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