Yahoo stock rises on new acquisition report
Yahoo's stock rose 8 percent to $11.64 Tuesday after The Wall Street Journal reported former AOL Chief Executive Jonathan Miller is trying to raise money to acquire all or a part of the Internet pioneer.
Miller believes he can do a deal worth about $20 to $22 per share, according to the report, which cited unnamed sources. Those sources said Miller is trying to raise money from private equity investors and sovereign wealth funds.
A Times of London report over the weekend also said Miller was working on a deal, but that report limited the scope to Yahoo's search business and said the ultimate owner of the assets would be Microsoft. The Wall Street Journal report didn't uncover a Microsoft connection.
Miller runs a venture capital fund called Velocity Interactive Group.
Yahoo and Velocity Interactive didn't immediately respond to requests for comment.
Stephen Shankland writes about a wide range of technology and products, but has a particular focus on browsers and digital photography. He joined CNET News in 1998 and since then also has covered Google, Yahoo, servers, supercomputing, Linux and open-source software, and science. E-mail Stephen, or follow him on Twitter at http://www.twitter.com/stshank.
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by btljooz
December 3, 2008 7:15 PM PST
- CAREFULLY review the info on these two sites and THEN _*THINK*_ about exactly how "true" or "not true" all this hullabaloo Yahell being sold to or "gobbled up" by another entity could in reality be:
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(3 Comments)http://www.mywot.com/en/scorecard/yahoo.com
http://whois.domaintools.com/yahoo.com
Like I eluded to, go through this info with a fine toothed comb and really think about it. ;)