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December 3, 2008

New York Post: Miller Not on a Yahoo Hunt After All

The New York Post has called foul on a Wall Street Journal report claiming Jonathan Miller is scraping together funds for a possible Yahoo bid.

The former AOL chief exec is indeed raising cash, according to the story, but not to acquire Yahoo. Rather the moves are part of his capitalization efforts on behalf of his investment firm, Velocity Interactive. The story adds Miller has entertained a Yahoo investment in the past, but nothing is imminent.

Posted by Zachary Rodgers at December 3, 2008 9:40 AM

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