UPDATE: Jonathan Miller Seeks Funds for His VC Firm, Not Yahoo

It turns out yesterday's news about former AOL CEO Jonathan Miller trying to gather money to buy Yahoo was false. Miller has been raising money, but it's for his own venture capital firm, not for buying Yahoo.

Miller's firm is Velocity Interactive Group and it does invest in digital media.

This is the second false rumor in a week regarding a purchase of Yahoo. Over the weekend, media reported that a new Microsoft-Yahoo deal had been reached.