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Wednesday, December 3, 2008

AOL acquired the former CEO to Yahoo, Yahoo said could not

AOL (America Online) former chief executive officer Jonathan Miller that are foreign to raise money to buy Yahoo in preparation. Upon exposure to the news, Yahoo's stock price go up about 7%. It is reported that, "The Wall Street Journal" said that there are internal sources, Miller is currently working to raise money to buy some or all of Yahoo. The news was reported, Yahoo's stock price increased 7.08 percent to 11.50 U.S. dollars per share.

"The Wall Street Journal" said that over the past few months, Miller has been with the rights and interests of private investors and sovereign wealth funds to discuss how to raise funds to buy Yahoo, but they still do not know where to step in the progress of the discussions.


Jonathan Miller in 2002 to 2006 served as AOL's chief executive officer, he or venture capital firm Velocity Interactive Group, one of the shareholders. It is reported that Miller might consider the price of 20-22 dollars per share to acquire Yahoo. In that case, Miller, Yahoo's acquisition of the necessary funds from 28,000,000,000 to 30,000,000,000 US dollars. "The Wall Street Journal" that are familiar with Yahoo, according to internal sources, Yahoo side of the message deeply held skepticism, especially at a time when the global economy in a downturn, such a large investment in itself has a very high risk. In addition, it is not clear whether Microsoft really do not consider the entire acquisition of Yahoo or Yahoo search engine sector.

Earlier this year, Microsoft has 33 U.S. dollars per share bid to acquire Yahoo, but Yahoo was co-founder and CEO Jerry Yang rejected a move to allow Yahoo shareholders are also very angry. Last month, Jerry Yang announced his resignation from the post of chief executive officer, which was also slightly calm waves of the market again. Although Microsoft CEO Steve Ballmer insisted that there is no re-consider the acquisition of Yahoo, but he also said that the ambiguity of the two sides can search the network to establish relations of cooperation.

Yahoo is currently facing a very difficult situation, the Internet market, Yahoo has not giant Google search engine or Facebook and Myspace social networking Web site to counter that with the deteriorating economic, Yahoo's online advertising business would be severely affected. But Yahoo's search engine or a power that can not be ignored, if the co-operation with Microsoft, believe that Yahoo is also a good way out.

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