I resign, yahoo! (Updated)

After years leading the chronic underdog in the online search biz, the CEO of Yahoo! is stepping aside and returning the reigns to one of the two founders, Jerry Yang. I suspect there is more of a shake-up at Yahoo on the way. I hear Microsoft has a big cheque-book as does that Murdoch guy. What media empire to be wouldn't want Yahoo! Ugly stepsister no more - guess who is belle of the ball.

Actually, with a market cap of $38B, perhaps Yahoo has enough cash flow to interest a few of the private equity shops.

Update: News Corp might want to swap MySpace for a stake in Yahoo!? Yahoo! might combine with eBay?