Ex-AOL CEO Said to Want to Buy Yahoo
Ex-AOL CEO Said to Want to Buy Yahoo
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.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.
According to the Journal, Miller has talked to private equity investors and sovereign wealth funds for months about raising money for a deal.
Yet, Yahoo faces multiple challenges, including a search for a new CEO after co-founder Yang stepped down last month and coping with a shrinking display advertising market. Moreover, investors may be unwilling to part with so much cash to buy the company.
- Littlefish Rescue Unavailable
- Main
- Rescue Me
- I'm on a Mac! Please Rescue Me
- Features
- Utility Computing
- Privacy
- Offers
- Jobs
- Testimonials
- Carbon Friendly
- Sitemap
- Our Culture
- Contact Us & Our Clients
- Company
- IT Support
- IT Services News
- Disclaimer
- IT Companies
- IT Services
- Emergency IT Support Cover
- IT Support Local Areas
