Update: Appears that maybe we will find out more this afternoon, but for now it does appear to be a rumor.
Quite surprised that this was posted in one of the more respected and journalistic quality blogs, but VentureBeat is reporting that there is a big announcement on today for Yahoo. The rumor is that Yahoo CEO is going to step down effective immediately and that the sale to Microsoft is still on. This all comes from an internal memo that Matt received as a tip about some big announcement for this afternoon.
This all follows the top story on Techmeme this morning from the official Google blog. While Google has apparantly pulled out of the advertising merger deal, it is quite apparent that maybe this could be Yahoo’s last stand.
Should be an interesting day waiting on the confirmation of the above rumor, and if it’s true, Micro-Hoo game on. Of course the offer will be substantially lower than the first one of $45 Billion or $31 per share original offer, but at this point with Yahoo stocks sliding well below that $31 today (although on an upswing currently), is there another option out there that could save the one time shining star from the Valley?
Technically Speaking, this would be the best possible way for Yahoo to recover and start anew with all this Obama change is in the air mentality. All Yang has to do now is say “Yes we can!”
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