Just saw that Jeffry Yang will step-down as CEO of Yahoo – after what some observers see as two major failures as leader of the internet search pioneer.
The general notion is that the departure means that a more operations-based chief will take charge, and help streamline Yahoo’s lines of business.
But I also think that a new CEO could bring Microsoft back to the bargaining table regarding an acquisition of Yahoo. With the market as it is today – Microsoft could acquire Yahoo for much less than its last offer of $33 per share. (At last glance Yahoo was trading at around $11-$12 per share.)
The M&A market has been pretty slim since the economy took a downward turn, but a big tech deal like this one could jump start tech M&A as part of a general rebound…