Ex-AOL CEO Interested in Yahoo?

Tuesday, December 2nd, 2008 by Taylor Pratt

Ex-AOL CEO Interested in Yahoo?

By Taylor Pratt

Let the rumors begin! Jon Miller, the former CEO of AOL and current venture capitalist, is rumored to be raising funds to try and buy Yahoo! It’s hard to say whether or not this story has any merit, because Miller could just be raising funds for his new venture capitalist firm, Velocity.

According to paidContent.org, Miller and gang have been presenting to investors all across the globe to raise funds. What isn’t clear is if the funds are intended for making a Yahoo bid. Yahoo’s stock closed today at 11.50/share, up 7% thanks to this news.

If Miller and co. are interested in making a bid, it is rumored that they would offer somewhere between $20-$22 a share (roughly $28-$30 billion). Microsoft had offered $31 a share back in January (doh!).

Taylor Pratt is a Search Marketing Specialist at nFusion, a results focused marketing agency.

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9 comments on “Ex-AOL CEO Interested in Yahoo?”

Matt Says:

December 2nd, 2008 at 9:43 pm

I think Yahoo is just the en vogue rumor of the year. I for one am not betting on any kind of acquisition or buyout of Yahoo, but at least the $$$ being rumored about is starting to make sense… @ $30 was crazy. I also heard Oprah may be putting together a cash offer, but I can’t confirm it.

Matt

Matt’s last blog post..Is All Publicity Good Publicity?
Jaan Kanellis Says:

December 2nd, 2008 at 9:55 pm

Sounds like bunk:

http://www.techcrunch.com/2008/12/02/another-bogus-yahoo-takeover-stor y-the-wsj-gets-it-wrong-and-this-time-people-lost-money/

Jaan Kanellis’s last blog post..Top Christmas Songs – Jaan Found Santa CD
Matt Helphrey Says:

December 2nd, 2008 at 11:49 pm

Doh is right! They should have taken Microsofts offer. Oh well, Im sure they will be fine with 30 billion.

Matt Helphrey’s last blog post..Creating a Sales Funnel for your Online Business
Jon Parker Says:

December 3rd, 2008 at 11:43 am

They need to just stick with searching for a new CEO for the time being
SeoBrain Says:

December 3rd, 2008 at 2:08 pm

Its not just about taking which is the best offer, its about idealism.. if microsoft buy yahoo, i dont know about yahoo future. I prever yahoo take Jhon miller offer if its true he want to buy Yahoo!
meeting rooms Says:

December 3rd, 2008 at 3:10 pm

No comments!
Craig Barrett Says:

December 3rd, 2008 at 6:39 pm

I don’t believe it. I am not sure what the updside would be for the buyers. It does not fit well into a portfolio and the short term growth potential is minimal.
iphone Says:

December 4th, 2008 at 7:59 am

I doubt he’d be successful, maybe for the ceo job, not as a buyer
George Nobles Says:

December 8th, 2008 at 7:40 am

AOL tring to get its position back.