Yahoo! back with a Yang!
Terry Semel resigned (?) as CEO of Yahoo!, paving way for co-founder Jerry Yang to take over the reigns. The stock surged about 4.75% in extended hours trading. I’m still waiting for someone to break the real story behind this shakeup, but in the meantime, I would love for Yahoo! to come out with blazing guns in the coming weeks. Acquire Valueclick? Why Not! Squash all merge/buyout rumors? Absolutely. Grab eBay for exclusive global advertising? Most Definitely.
To elaborate a little more on these choices:
- ValueClick Acquisition - In addition to making a bold statement, it simply strengthens their online advertising arsenal. ValueClick is the internet’s second biggest advertising broker.
- Squash all merger/buyout rumors - There is no buyout in the works. Period. No need for a major management change if you’re just selling the company.
- eBay vs. Google - This is the perfect time to take advantage of the tension between them and make a decent advance into Google’s territory. Coupled with the current events, this could be the right catalyst for Yahoo! to get back on track.
This is almost like a re-incarnation of the Apple/Jobs story. Jerry Yang just needs to start working on the $1/yr salary and find the next “myPod”. With all eyes set on Yahoo!, it will be interesting to see how this unfolds.
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