The Wall Street Journal is reporting that the former Chief Executive at AOL, Jonathan Miller is trying to raise $30 Billion to purchase Yahoo for $20-$22 a share.
The Journal reports that he has been talking to private equity investors and sovereign wealth funds for months in hopes of raising money for a deal.
Yahoo shares are up $.55 today on the news
i believe all yahoo roads lead to MS.. one way or another.
UPDATE
Yahoo board member Carl Icahn told CNBC he would vote against former AOL CEO Jon Miller’s plan to buy Yahoo for $20-$22 a share with money from private equity and sovereign wealth.
“Right now, I would be against that,” Icahn said, indicating he objected not to Miller running Yahoo, but Miller’s price. “The stock is undervalued right now,” he said.
That is the name of the game – pay next to nothing and if possible own the whole world – what a world we live in – the one that can not control their life (and are full of insecurity and fear) want to own Everything