A New CEO For Yahoo!–AllThingsD (YHOO, MSFT)

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published
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Dow Jones site AllThingsD reports that Yahoo! has a new CEO, although it is not clear what he will do it most or all of the company is sold. Yahoo!’s board is actively considering the disposal of its two most valuable asset–part ownership in China e-commerce company Alibaba and Yahoo! Japan. The sales could bring as much as $15 billion, which presumably Yahoo! could use for M&A or expansion. But, the board may still sell the company as a whole

PayPal President Scott Thompson will take over the helm of the troubled company. Its share prices still sits at $16.30, below its 52-week high, and about half of what Microsoft (NASDAQ: MSFT) offered for the firm in 2008. The announcement of a new CEO may actually push Yahoo!’s price down on the anticipation that the sale of the company is off the table.

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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