A New Bid For Yahoo?

December 3rd, 2008

Does Jonathan Miller really want to buy Yahoo, or is he trying to drive the cost up so Microsoft has to pay more?

Former AOL chief executive Jonathan Miller is trying to raise money to buy part or all of Yahoo, The Wall Street Journal reported on Tuesday.

Yahoo shares rose more than 9 percent after the report, which cited people familiar with the matter.

Miller is a partner at Velocity Interactive Group, an investment firm focused on digital media. The Journal reported he wants to raise the funds to buy Yahoo for $20 to $22 a share, or $28 billion to $30 billion.

I still think this is just a ploy. He’s going to have trouble raising that kind of money, which is pocket change for Microsoft. I still say Yahoo goes to Microsoft before too long.

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