03/29/2009 05:12 am ET Updated May 25, 2011

Yahoo! Restructuring, Jorgensen Out

UPDATE: CNBC Is reporting that Blake Jorgensen is leaving Yahoo! For more on the restructuring of the company, click here.

The stock is rising on the news. In mid-day trading, up more than 5% to $13.14 a share.

For more on comments Wednesday from Jorgensen on a possible sale of Yahoo's search business, click here.