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Yang Exit May Mean Asset Sales

Yahoo may pursue buyers for its stakes in Alibaba and Yahoo Japan.

By Brian Womack, Bloomberg | Updated on January 18, 2012

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.

Now that co-founder and one-time chief executive officer Yang has cut his leadership ties to Yahoo, newly appointed CEO Scott Thompson has freer rein to unwind the company’s part-ownership of Alibaba Group Holding Ltd. and Yahoo Japan Corp. He may also do a better job mounting a credible threat to Google Inc. and Facebook Inc. in online advertising, said Clayton Moran, an analyst at Benchmark Co.

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