Yahoo back on takeover alert as Yang quits

Microsoft could be poised to make a fresh bid for its internet rival Yahoo, after Yahoo’s chief executive, Jerry Yang, announced his intention of stepping down from the struggling web giant.Yang has faced intense criticism of his time as chief executive – not least surrounding Microsoft’s $44bn (then £22.5bn) offer to buy the company earlier this year – but Yahoo had repeatedly denied speculation that the 40-year-old billionaire co-founder was set to be replaced. On Monday night, however, Yang confirmed that he would be leaving the CEO role once a suitable successor had been found.

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