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.
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.
Alibaba Group Holding Ltd. Chairman Jack Ma said he’s “very interested” in buying Yahoo! Inc., the U.S. Web portal that ousted its chief executive officer last month amid stagnant growth and shrinking market share.
Facebook Inc. co-founder Mark Zuckerberg drew inspiration for the world’s most popular social- networking site from an unexpected place, according to the video being shown to would-be investors in the company’s initial public offering.