Thursday, December 11, 2008

Yahoo! exec! jumps! ship! to! Microsoft!

Microsoft confirmed Thursday that it has tapped former Yahoo executive Qi Lu to run its struggling Online Services Group.

Lu, formerly Yahoo's vice president of engineering for the Search and Advertising Technology Group, will take over as president of Microsoft's Online Services Group on Jan. 5, Microsoft said. Lu left Yahoo in August after 10 years at the company.
Lu will have his work cut out for him, as Microsoft has been struggling with its online business for some time. Growth of the OSG, which oversees Microsoft's search and advertising business, has been flat to slow for many years, despite the significant investment Microsoft has poured into the division.

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