Jerry Yang passes by hand. The co-founder of Yahoo! decided to leave the post of head of the California firm he held for a year. His departure renewed speculation over a possible alliance between Yahoo! and Microsoft. The leader of micro-computer software has recently indicated it no longer wished to acquire Yahoo. However, it remains open to a transaction that would give Microsoft a critical size on the niche of the search for information on the Internet, largely dominated by Google.
Aged 40 years, Jerry Yang in May rejected the bid made by Microsoft that was climbing to 47.5 billion dollars. Before announcing his resignation Monday evening, valuing Yahoo! had fallen to less than $ 15 billion. More respected for his talent in technology and for that of manager, Jerry Yang implicitly recognizes a triple failure.
He had originally promised to boost growth of Yahoo! he saved from the clutches of Microsoft. The recession and the slump affecting the advertising market, Yahoo! is largely dependent, do not totally poor performance of the company from Sunnyvale (California). Struck by a 64% drop in its quarterly profits compared to last year, Yahoo! is in the process of removing 10% of its workforce, while its growth is stagnating.
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Second failure: its alliance to boost its advertising revenue by outsourcing the technology of its rival Google had to be abandoned. The Federal Authorities of the competition felt that Google would have consolidated its share of over 70% of the market research information on the Internet in the United States.
Third downside: the proposed merger with AOL, a subsidiary of Time Warner, will lead to nothing.
The general meeting of shareholders of Microsoft today. Steve Ballmer, Microsoft's boss, will have the opportunity to say whether it wishes to resume negotiations with Yahoo. It is understood the desire of the shareholders of the Californian firm. Starting with Carl Icahn, raider and activist who sits on the boards of Yahoo! and argue for months for an alliance with the giant from Redmond (Washington). The price of Yahoo! yesterday at the opening on the Nasdaq bouncing back 13% to nearly $ 12. In the current recession, we do not see Microsoft resurrect its offer of $ 33 last spring. But Yahoo, with 18% of market research information on the Web, is an issue more important than ever for Microsoft, whose priority is to counter the dominance of Google. Despite massive investments and the firm's Steve Ballmer does little more than 5% of this key market for the future of advertising.
Once his designated successor, Jerry Yang has become "Chief Yahoo!", Ie responsible for technology strategy of the company he remains one of the largest shareholders. Susan Decker, CEO of number two in the Internet sector, is among the candidates considered to succeed Jerry Yang. Jonathan Miller, former AOL boss, Peter Chernin, number two of News Corp.. And Meg Whitman, who led eBay, are also mentioned as possible candidates to redress the company in difficulty.
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