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The Wall Street Journal reports that Yahoo, after a two-month search, has a new chief executive. Jerry Yang’s replacement will be Carol Bartz, former CEO of Autodesk, the paper reports, citing people familiar with the matter.
[Update, 2:55 p.m.: It’s official.]
The installation of a new CEO at Yahoo sets the stage for a possible resumption of deal talks between Microsoft and Yahoo. Last week, Microsoft CEO Steve Ballmer told the Financial Times,
“We now have someone in place running our online business [Qi Lu, a former Yahoo search exec who started at Microsoft last week], and Yahoo’s out looking for a CEO.
“If a search deal is to be made, it’s probably to be made in the interim period for new leaders in both places.”