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December 2, 2008
Former AOL CEO Jonathan Miller Trying to Raise Funds to Buy All or Part of Yahoo
This is breaking news and it is literally just a headline from the Wall Street Journal at this point. Jonathan Miller, former CEO of AOL, is trying to raise funds to buy all or part of Yahoo.
It was suspected that Miller would have been tapped to run things if Microsoft had indeed acquired Yahoo earlier in the year, but of course they didn't.
Miller may have trouble coming up with the funds with credit markets in their current dried up state.
Just yesterday, we learned that Carl Icahn bought 7 million more shares of Yahoo. Was that move a little too coincidental in light of today's news?
Have your say in the comments.
Posted by Nathania Johnson on December 2, 2008 12:54 PM
Comments
Michael Murdock December 2, 2008 1:54 PM
How much is Jonathan Miller looking to raise to purchase Yahoo?
I wish him luck.
Go Big or Go Home!
Brandon Moase December 2, 2008 4:23 PM
Yahoo could easily have a new CEO right now. All they have to do is pick up the phone. I posted a portion of my plan online and can execute immediately. But they want some high priced hired gun that thinks they know what they want and really have no intention in mind other than to trash the company in 6 months. I can turn it in 12-18 and do the Microsoft deal, AOL, Google, Apple and others within the first 3 months.