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Yahoo`s board has chosen as the company`s CEO Scott Thompson, president of eBay`s PayPal, ending a four-month search after Carol Bartz was fired in early September. Tim Morse, Yahoo`s interim CEO, will now go back full-time to his CFO role, the company said in a statement on Wednesday. Thompson starts on Jan. 9, at which time he will also take a seat on the company`s board.

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