0
Internet

Ex-AOL CEO Miller in financing talks on Yahoo! bid - report

Wednesday 3 December 2008 | 12:29 CET | News
Former AOL CEOJonathan Miller is talking to investors about raising money to purchase all or part of Yahoo!. Miller, who ran AOL from 2002 to 2006, has been sounding out private-equity investors and sovereign-wealth funds for months, people familiar with the matter told the Wall Street Journal. According to the paper's sources, it's unclear where the talks stand. Miller believes he can fashion a deal that would be worth about USD 20-22 a share, which would involve raising about USD 28-30 billion to purchase the entire company. Both Miller and Yahoo! declined to comment. Miller, a partner at investment firm Velocity Interactive Group, has been a behind-the-scenes player in discussions between Yahoo and Microsoft for months, advising both sides on how to make a deal between the two companies work. This summer, Yahoo was poised to appoint him as a board member as part of settlement to activist investor Carl Icahn's proxy fight. But when Time Warner told Miller it planned to enforce his non-compete agreement, Miller withdrew his name.

Categories: Internet
Companies: Yahoo!
Countries: World
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.






top five brands accounted for 63.4% of total virtual mobile market
Netherlands  |  2014 Q3

Calendar   /   Industry Events

27 Jan Apple fiscal Q1
27 Jan AudioCodes Q4 2014
27 Jan Juniper Networks Q4 2014
27 Jan Zhone Technologies Q4 2014
27 Jan Ericsson Q4 2014
27 Jan Freescale Semiconductor Q4 2014
27 Jan AT&T Q4 2014
27 Jan Customer Experience Management in Telecoms Global Summit
28 Jan Qualcomm fiscal Q1
28 Jan Extreme Networks fiscal Q2
28 Jan Fortinet Q4 2014
28 Jan STMicroelectronics Q4 2014
28 Jan Shoretel fiscal Q2
28 Jan TE Connectivity Q4 2014
28 Jan TMT Finance & Investment ASIA 2015
28 Jan 4G Mobile Vas India Summit & Expo 2015
29 Jan TeliaSonera Q4 2014
29 Jan NEC fiscal Q3
29 Jan NTT Docomo fiscal Q3
29 Jan Nokia Q4 2014
29 Jan Google Q4 2014
29 Jan Rogers Q4 2014
29 Jan Time Warner Cable Q4 2014
29 Jan Riverbed Technology Q4 2014
29 Jan Broadcom Q4 2014
29 Jan Harmonic Q4 2014
29 Jan LG Electronics Q4 2014
29 Jan Samsung Electronics Q4 2014
29 Jan Alibaba Q4 2014
29 Jan JDSU Q4 2014
::: More Calendar Items