A couple of days ago the now slightly infamous Yahoo CEO, Jerry Yang, announced he would be stepping down from his position once a suitable replacement has been found. Yang has only been in the job for just over 18 months and undoubtedly his tenure of the post will be remembered for only one thing - his rejection of a takeover bid valued at around $44bn from Microsoft back in early 2008. The obvious question now is - will this change fuel renewed takeover speculation and offers?
Well the simple fact is that despite a recent bounce Yahoo shares currently sit at $11, well below the $31 that Microsoft was offering back in February. Many then accused Yang of acting contrary…