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Lenovo Group Ltd., the world’s second-biggest maker of personal computers, said Yahoo! Inc. co- founder Jerry Yang will join the board of directors as an observer amid its expansion into smartphones and tablets.
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Jerry Yang is exiting the Yahoo! Inc. board and its management team, the latest casualty of an overhaul that led to the ouster of Chief Executive Officer Carol Bartz and left the company in search of strategic options.
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Jerry Yang’s exit from Yahoo! Inc. removes one of the last vestiges of a management team chided by investors for failing to find a buyer or negotiate a sale of stakes in Asian assets worth more than $10 billion.
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Yahoo! Inc. has cost its shareholders so much money that a buyer would now be able take over the most- visited U.S. Web portal for less than the value of its stakes in Alibaba Group Holding Ltd. and Yahoo Japan Corp.
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Yahoo! Inc. named Marissa Mayer chief executive officer, appointing a technologist who has managed some of Google Inc.’s most popular products to help reverse market-share losses that fueled three years of sales declines at the biggest U.S. Web portal.
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Yahoo! Inc. investor Third Point LLC increased pressure on the company by demanding two board seats and asking co-founder Jerry Yang to step down as a director.
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Yahoo! Inc. advisers are receiving inquiries from “multiple parties” interested in various unspecified strategic options, according to a memo to employees from co-founder Jerry Yang.
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Yahoo! Inc. hired Scott Thompson as chief executive officer, asking the former president of EBay Inc.’s PayPal unit to complete a strategic review and reverse a growth slump that led to the September ouster of Carol Bartz.
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Yahoo! Inc. hired Scott Thompson as chief executive officer, asking the former president of EBay Inc.’s PayPal unit to complete a strategic review and reverse a growth slump that led to the September ouster of Carol Bartz.
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Six years after Yahoo! Inc. paid more than $1 billion to become the biggest investor in Alibaba Group Holding Ltd., it’s now a potential takeover target for the Chinese Internet company.
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