Shares of Yahoo Inc soared 10 percent on Tuesday on hopes that the departure of Jerry Yang, its embattled chief executive, would clear the way for a deal with Microsoft Corp. Yahoo announced late on Monday that Yang, whose leadership had come under growing criticism from shareholders after he failed to agree to a deal with Microsoft, would step down from his role as soon as the board finds a replacement.

So, while everyone else is expecting a new Microsoft offer, Tony Cripps, senior analyst with Ovum, has suggested that the time could be right for Nokia to pounce and acquire Yahoo!!

Yahoos future remains in the balance following the stepping down of CEO and co-founder, Jerry Yang. This follows its snubbing by erstwhile acquirer Microsoft and the collapse of a pro... .. .

Read more:
Yahoo could be attractive target for Nokia - full story