Yahoo (YHOO) confirms Scott Thompson is out as CEO, to be replaced by Ross Levinsohn, while Fred...

|By:, SA News Editor

Yahoo (YHOO) confirms Scott Thompson is out as CEO, to be replaced by Ross Levinsohn, while Fred Amoroso becomes Chairman of the Board. Third Point gets three board seats - to be filled by Daniel Loeb, Harry Wilson, and Michael Wolf - in exchange for which it agrees to play nice. Loeb says he's "delighted." (PR) (previously)