While Microsoft Corp. may have dropped its aggressive acquisition bid for pioneering Internet company Yahoo Inc., it would appear that the Yahoo! boardroom still has some way to go before reaching a state of post-takeover equilibrium.
Yahoo executive Jeff Weiner walks adds to the post-Microsoft-takeover-bid casualty list. Image: Yahoo.
Moreover, top Yahoo! executive Jeff Weiner has this week walked away from the company to follow the lure of fresh challenges with venture capitalist firms Accel Partners and Greylock Partners.
Set to assume the role of “executive in residence” at both California-based companies this coming September, Weiner leaves behind a succession of leadership positions at Yahoo!, the last of which saw him serving as the executive vice president of its Network Division.
Notably, Weiner is the latest in a series of longstanding Yahoo! executives to part ways with the company in the wake of the lengthy and bitter acquisition battle with Redmond-based software company Microsoft.
And Weiner is not alone in leaving Yahoo! this week, with several other notable figures also weighing anchor. They include Usama Fayyad, the company’s chief data officer and executive vice president of Research and Strategic Data Solutions, and also leading software developer Jeremy Zawodny.
Also on their way out of the door are renowned Flickr founders Stewart Butterfield and Caterina Fake, duly leaving Yahoo-owned image sharing service Flickr under the watchful eye of Kakul Srivastava, reports TechCrunch.
According to Weiner’s new employers, the executive’s appointment will see him helping to guide leadership at consumer technology companies within their combined portfolios while also providing valuable assistance in evaluating new investment opportunities.
In a move designed to strengthen its market position following the high-profile spat with Microsoft Corp., Yahoo! last week penned a non-exclusive search advertising deal with market leader Google Inc.
Prior to pulling its $44.6 billion USD takeover offer in May, Microsoft had been attempting to acquire second-placed Yahoo! in an effort to haul back some of Google’s unchallenged market dominance.
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