According to today's Wall Street Journal, former AOL (NYSE:TWX) Chief Executive Jonathan Miller is trying to raise money to buy part, or all of Yahoo (NASDAQ:YHOO). Miller, who along with partner Ross Levinsohn, the former president of Fox Interactive Media (NASDAQ:NWS), runs the venture capital fund Velocity Interactive Group, has discussed the idea with Yahoo board members, and believes that a deal in the range of $20 to $22 a share is possible.
It is unclear whether Microsoft (NASDAQ:MSFT), which has indicated that it is still open to doing some sort of deal with Yahoo after it abandoned a $47.5 billion proposal last summer, would be involved in any transaction. Miller’s potential involvement with Yahoo has led for a while now to chatter that he was being considered to succeed Jerry Yang. Whether Velocity’s co-founder will succeed, remains to be seen.