Yahoo chairman Roy Bostock and three long-time board members are stepping down, fulfilling the wishes of many frustrated shareholders who believe the directors have been part of the problem that has dragged down the internet company’s revenue and stock price.

Yahoo slipped further behind in the online advertising race during the fourth quarter as the internet company entered the fourth year of a revenue slump.

YAHOO co-founder Jerry Yang has quit the company he started in 1995, appeasing shareholders who had blasted the internet pioneer for pursuing an ineffective personal vision and impeding investment deals that could have saved the struggling company.

Yahoo co-founder Jerry Yang is leaving the struggling internet company, as it tries to revive its revenue growth and win over disgruntled shareholders under a new leader.

Carol Bartz was fired as Yahoo's chief executive nearly three years into a tenure in which the company fell short of the turnaround she was charged with leading.

The September 11 terrorist attacks, cloning and the Iraq war top a list of online news searches in the last 15 years, a new study shows.

Yahoo co-founder Jerry Yang is stepping down as chief executive, ending a rocky reign marked by his refusal to sell the internet company to Microsoft for $48bn (€38bn) – more than triple Yahoo’s current market value.

Internet giant Yahoo! said today it was willing to talk to Microsoft about a potential takeover deal, but wants the software firm to up its US$41bn (€26.1bn) proposal.

Internet search engine Yahoo! today rebuffed a $44.6bn US (€30.8bn) takeover approach from software giant Microsoft.

American internet firm Yahoo has appointed co-founder Jerry Yang as its new chief executive after chairman Terry Semel stepped down from the role.