This is breaking news and it is literally just a headline from the Wall Street Journal at this point. Jonathan Miller, former CEO of AOL, is trying to raise funds to buy all or part of Yahoo.
It was suspected that Miller would have been tapped to run things if Microsoft had indeed acquired Yahoo earlier in the year, but of course they didn’t.
Miller may have trouble coming up with the funds with credit markets in their current dried up state.
Just yesterday, we learned that Carl Icahn bought 7 million more shares of Yahoo. Was that move a little too coincidental in light of today’s news?
Have your say in the comments.