Investors asked to find billions for Internet takeover

Manchester News.Net
Wednesday 3rd December, 2008

Former AOL Chief Executive Jonathan Miller is hunting for investors to part with as much as US$30 billion to buy all or part of Yahoo Inc.

The Wall Street Journal has reported Miller wants to raise funds to buy Yahoo for $28 billion to $30 billion.

Yahoo has a market value of $15.7 billion.

Miller, who led AOL from 2002 to 2006 is now a partner at Velocity Interactive Group, an investment firm focused on digital media.

Speculation about possible deals has been widespread after Microsoft Corp withdrew a $47.5 billion offer to buy Yahoo in May.

Email this story to a friend

Have your say on this story

Your name/nickname	(optional)
Message
Image verification	(enter the verification code from the image above)