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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Former AOL boss Jonathan Miller seeks funds for Yahoo! deal

Posted on 03 December 2008

From Timesonline.co.uk: The former chief executive of AOL, the internet provider, is drumming up interest from investors for a bid for all or part of Yahoo!.

Jonathan Miller, who was credited with turning around AOL’s fortunes before he was ousted in November 2006, is talking to private equity investors and sovereign wealth funds in an attempt to put together a bid worth $20 to $22 per Yahoo! share. Shares in the internet search engine rose more than 9 per cent to $11.74 after news of the potential offer and were trading up 6.5 per cent at $11.46 at 2pm yesterday….. Full Article: Source


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