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November 22, 2008 6:57:40 AM CST



Yahoo to Reorganize in Wake of Microsoft Bid

Posted Jun 20, 08 7:26 AM CDT in Technology Business 

(Newser) – Regrouping in the aftermath of Microsoft’s takeover bid, Yahoo plans to consolidate its myriad branches, the Wall Street Journal reports. President Susan Decker aims to centralize the mail, search, and home-page teams to help boost earnings and justify its rejection of Microsoft’s $47.5 billion offer; some executives already have left amid the changes.

Three leading vice presidents are quitting the company, as are the co-creators of photo-sharing site Flickr, sources say—though some who are leaving were looking for new jobs before the restructuring plans. But “we have a deep and talented management team across all areas of the company,” said a Yahoo statement. “We continue to recruit outstanding talent.”

Source Wall Street Journal

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This Jan. 7, 2008 file photo shows the Yahoo tent at the Consumer Electronics Show (CES) in Las Vegas.   (AP Photo/Paul Sakuma, file)
Shown is the exterior of Yahoo! headquarters in Sunnyvale, Calif., in 2007.   (AP Photo/Paul Sakuma, file)
Susan Decker, president of Yahoo, speaks at the Advertising 2.0 conference on Wednesday, June 4, 2008, in New York.   (AP Photo)
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