Dulles, Va. - Jonathan Miller, the former CEO of AOL (NYSE: TWX), has been attempting to raise money to buy all or part of Yahoo (NASD: YHOO), The Wall Street Journal reported on Tuesday. Citing people familiar with the matter, the paper reported that Miller is trying to raise upwards of $30 billion from various investors and funds.

A sale at that price would yield Yahoo's shareholders around $20-$22 a share, though sources at Yahoo told the Journal they're skeptical that Miller can pull off such a deal in the current economic environment.

The U.K.'s Times Online also reported on Monday that Microsoft is once again in talks to acquire Yahoo's search business for $20 billion.

Under the reported terms, Microsoft would invest $5 billion in the new search division, to be led by Miller and former Fox Interactive Media president Ross Levinsohn.

Miller and Levinsohn, founders of Velocity Interactive Group, would then match Microsoft's $5 billion with backing from external investors.

Levinsohn, however, told VentureBeat that there is "no truth" to the report.

Related Links:
http://online.wsj.com/article/SB122823988574372899.html

http://snipurl.com/704hr (Times Online)

http://snipurl.com/705en (VentureBeat)