Velocity’s Miller Out Of The Running For Top Yahoo Job Or Takeover: Report
Velocity Interactive Group’s Jon Miller is not trying to acquire Yahoo (NSDQ: YHOO), nor is he a candidate to replace Jerry Yang as CEO, Bloomberg reports, citing unidentified sources. Miller declined to comment on either point in an interview with Bloomberg. Earlier this month, activist investor and Yahoo director Carl Icahn said he had talked to Miller about plans that the former AOL (NYSE: TWX) CEO was raising money for an acquisition of Yahoo either in whole or in parts. Icahn said he told Miller that this was not a good time for any sale, as he felt Yahoo’s stock, which was trading around $11.35 at the time—as of yesterday, it was up to $13.36—remains undervalued.
The word that Miller may be out of the running comes a day after Arun Sarin, the former CEO of telecom Vodafone (NYSE: VOD), was said to have done an about face on showing interest on going for the CEO post. Sarin’s change of heart may have been prompted by what would appear to be a better job offer to join private equity firm Kohlberg Kravis Roberts as a partner.
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Comments (1)
Dec 17, 2008 11:56 AM
Since when does Bloomberg scoop the ever present, rumor-mongering, incestuously linked Kara Swisher?