Yahoo co-founder Jerry Yang is to resign as the company's chief executive, as soon as a replacement can be found.

Yang took over the reins at the search company about 18 months ago and, for much of his time since then, has been embroiled in the on-again, off-again Microsoft bid.
Yang will remain on the board once he steps down as CEO and will then return to his previous job in development.
Microsoft has already come out with a statement that it isn't interested in renewing its bid to buy the company.