Is Yahoo! Going to Sell Itself?

Yahoo! landed on the trader radar Wednesday after the board stunned investors and fired CEO Carl Bartz over the phone.

Chief Financial Officer Tim Morse will step in as interim CEO as the company searches for a permanent leader.

Some analysts says Bartz's departure is a signal that the company has become desperate as they struggle to compete with rivals Google and Facebook.

However, shares of Yahoo! traded sharply higher on the news, and that begs the question – is the search giant look to sell itself?

According to Jefferies analyst Youssef Squali News Corp could make sense as a buyer in part because they did not have success with MySpace. "They need a digital strategy," he says and an acquisition of Yahoo! could fill that niche.

And he thinks Microsoft could be in the market, too.

Get all the details. Watch the video now!

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CNBC.com with wires.