Yahoo M&A Chief Siegel Reportedly Out

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Andrew Siegel, a former GE executive who joined Yahoo as its M&A chief last October, is now apparently leaving the company. Yahoo (NSDQ: YHOO) did not respond to our repeated requests for comment but AllThingsD’s Kara Swisher says Siegel announced internally last week that he was leaving.

Siegel has been very busy during his year at Yahoo, presiding over divestitures like the sale of HotJobs and a number of deals, including the acquisitions of Maktoob, Citizen Sports, and Associated Content, turning around a long period during which the company was very inactive on the M&A front.

Siegel was not able to clinch several acquisitions that could have changed the company’s staid reputation, however. Yahoo tried unsuccessfully over the last year to purchase both Groupon and Foursquare. It’s not clear how those non-deals impacted Sigel’s decision to leave, especially considering that Google (NSDQ: GOOG) is now on the verge of buying Groupon. We’ll update this post if we learn more.

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