So, now what happens?
Late yesterday, as you likely know by now, Yahoo co-founder Jerry Yang resigned as an officer and director of the company. That triggered a 3% rally in Yahoo shares, and a new round of speculation about what might happen next.
As I noted in a post late yesterday, the Street is convinced that Yang�s departure signals that the company could be getting closer to doing some sort of transaction; one popular theory is that they sell off their stakes in Alibaba Group and Yahoo in a complex transaction in which they would receive not only cash but also some operating businesses, and that the core business might then be taken private by a group of private equity investors which might actually include Yang himself.
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