"Billionaire investor Carl Icahn says he would oppose a potential bid for Yahoo! Inc. by former AOL Chief Executive Officer Jonathan Miller.
“I don’t think any of the shareholders would be interested in selling a partial 51 to 52 percent of the stock even at a premium,” Icahn, a Yahoo board member, told CNBC in an interview today. “I’m not involved whatsoever with what he’s doing.”
Yahoo is exploring its options after revenue growth slowed and its stock lost two-thirds of its value since mid-February. The company is in talks with AOL about a possible combination, and CEO Jerry Yang plans to step down as soon as the board finds a successor.
Miller held talks with investors about a possible purchase and could make an offer of as much as $22 a share to buy all or part of the company, the Wall Street Journal reported yesterday. Miller, a partner at Velocity Investment Group, hasn’t announced a bid and didn’t return an e-mailed request for comment today. "