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Filed under: Microsoft, Yahoo!

Yang or no Yang, Microsoft still doesn't want to buy Yahoo! (Anymore)

Steve BallmerIf it seems like every few days we're checking to see if Microsoft plans to buy Yahoo!, it's because we are. Earlier this year, Microsoft offered to buy the search company for $33 a share, but Yahoo! CEO Jerry Yang said that bid undervalued the company. After a little back and forth, Microsoft walked away.

Flash forward half a year, and Yahoo! stock is trading at around the $10 mark, Yang has announced plans to step down as CEO, and Microsoft CEO Steve Ballmer says the company still isn't interested in buying Yahoo!. Ballmer says Microsoft is still interested in pursuing a deal with Yahoo! to leverage the company's search technology. But that's not too surprising, since Ballmer's been saying that for months.

Does this mean that we won't see two of the largest companies in the software and internet space join forces? No, not really. Ballmer could just be negotiating or waiting for Yahoo! stock to drop low enough that he can pick up the company with nothing but spare change found in his couch cushions. But it is interesting to know that the departure of Yahoo!'s CEO seems to have no bearing on Ballmer's position.

Filed under: Internet, News, Yahoo!

Yahoo! CEO Jerry Yang to resign

Yahoo! CEO search
It hasn't exactly been a good year for Yahoo!. Earlier this year, the company rejected Microsoft's offer to buy Yahoo! for $33 a share. This week, Yahoo! stock is selling for about $10 a share. Silicon Alley Insider estimates that the search company is out $2 billion dollars because of this misstep.

It's probably not fair to put all of that on CEO Jerry Yang's head. After all, the current economic downturn is taking its toll on everyone. But the Yahoo! board of directors has announced that it is searching for a new CEO. Once a replacement is found, Yang will step down as CEO and resume his role as "Chief Yahoo!," which is a ridiculous job title that's basically a corporate strategy job. He'll also remain on the board of directors.

Yang's resignation raises a lot of questions. Who will replace him as CEO? Will the move bring Microsoft back to the table, or has that ship sailed? Could Yahoo! be looking for a new buyer or a strategic partnership? Who wrote the book of love? Yeah, maybe not that one.

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