Yahoo shares rise on report of interest from ex-CEO of AOL  E-mail
Tuesday, 02 December 2008 21:49
SAN FRANCISCO (MarketWatch) -- Former AOL Chief Executive Jonathan Miller is trying to raise money to purchase a portion or all of Yahoo! Inc (YHOO 11.50, +0.76, +7.1%) , the Wall Street Journal reported in its online edition Tuesday. He has been talking to private equity investors and sovereign wealth funds for several months to secure funds, according to the Journal. Miller believes he can finalize a deal that would be worth around $20 to $22 a share, which would involve raising about $28 billion to $30 billion to buy the whole company, the Journal reported, citing sources familiar the matter. Shares of Yahoo rose 8.1% to $11.61 following the news.
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