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Buffet backs Yahoo bidder - report

Monday 16 May 2016 | 09:00 CET | News
Berkshire Hathaway Chairman Warren Buffett is backing a consortium vying for Yahoos internet assets, people familiar with the matter told Reuters. The group includes Dan Gilbert, the founder of Quicken Loans. The consortium is in the second round of bidding in the auction for Yahoo's assets, the people said. Buffett is helping finance the offer, one source added. Reuters reported last month that Yahoo had shortlisted close to 10 bidders in the auction for its assets, with most offers coming from private equity firms. Verizon is thought to be the favourite to acquire Yahoo's internet

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Categories: Internet
Companies: Verizon / Yahoo
Countries: World
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