Yahoo! is up FOR SALE after firing CEO Bartz

Yahoo Inc.'s board fired CEO Carol Bartz, 62, on Tuesday, September 6, through phone and wasn't expecting the change. The board ousted her "after growing impatient with the lack of a turnaround at the once-highflying Web company," The Wall Street Journal reported Wednesday.

Also, Yahoo's board has now put the company up for sale. "Yahoo is open to selling itself to the right bidder," Business Insider said.

Reports say after being unceremoniously fired over the phone, Carol Bartz sent the following terse memo to all Yahoo employees, as obtained by Mashable.

To all,

I am very sad to tell you that I’ve just been fired over the phone by Yahoo’s Chairman of the Board. It has been my pleasure to work with all of you and I wish you only the best going forward.

Carol

Sent from my iPad

Yahoo's stock jumped more than 6% to $13.72 in after-hours trading after news of Ms. Bartz's exit was reported by All Things D, Wall Street Journal said.