Bill Miller isn't having any of Steve Ballmer's thuggery. Miller, speaking with Kevin Delaney in Wednesday's WSJ FundTrack, said that Legg Mason is prepared to back Yahoo in its efforts to remain independent from Microsoft. Legg Mason is the second largest shareholder of Yahoo, holding a 7 percent stake. Delaney mused that Miller's support for Yahoo could play a significant role in the coming battle.

The Yahoo Microsoft standoff, which began February 1, started getting nasty last Saturday. Microsoft's chief executive Steve Ballmer said in a letter that Yahoo has three weeks to accept the current Microsoft bid before his company goes hostile.  

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