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Well economy slowdown means you get a new CEO and everybody else gets fired! Well not as bad but bad enough as far as Yahoo is concerned. In a press release Yahoo has stated that its Board of Directors has initiated a search for a new Chief Executive Officer. Jerry Yang, co-Founder of Yahoo!, has [...]

Microsoft had raised its bid to $33 per share but Yahoo wanted anything between $35-$37 per share. And Microsoft was not willing to pay more than $33 per share. Besides that they did not find it sensible enough to take the deal directly to the share holders. Therefore, finally Microsoft walked away. After the deal was closed Steve Ballmer sent an e-mail to all his employees which is as follows: