Posted: 01/18/2012 03:55:50 PM PST
estimated to be worth $12 billion. For months, the company has been engulfed in rumors that it was interested in cashing out its highly valued stakes in the Asian companies, and Yang was widely perceived as an obstacle because he wanted to keep Yahoo intact.Co-founder Jerry Yang's sudden resignation from Yahoo's (YHOO) board signals a new era for the nation's most popular Web portal but doesn't answer the question of how -- or whether -- the venerable Silicon Valley Internet company can reinvent itself.
Yang's departure Tuesday could lead Yahoo to sell all or parts or its empire, or to give new CEO Scott Thompson a green light to reorganize the company as he sees fit, analysts say.
Among likely options, observers say, is that Yang's resignation could hasten the sale of Yahoo's stakes in Alibaba Group and Yahoo Japan
With Yahoo co-founder Jerry Yang departed from board, Yahoo seeks a new course - San Jose Mercury News
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