Quicken Loans Partners With Yahoo Sports To Launch Its 'Billion Dollar Bracket Challenge'

Quicken Loans Partners With Yahoo Sports To Launch Its 'Billion Dollar Bracket

- The Warren Buffett / Berkshire Hathaway insured contest expanded to accept
up to 15 million entries -

PR Newswire

DETROIT, March 3, 2014

DETROIT, March 3, 2014 /PRNewswire/ -- Detroit-based Quicken Loans, the
nation's third largest mortgage lender, today announced it has teamed with
Yahoo Sports as the technology provider for the now named 'Quicken Loans
Billion Dollar Bracket Challenge with Yahoo Sports' contest.Yahoo Sports
designed the online bracket experience and will host the exclusive destination
(www.quickenloansbracket.com) forthe challenge as college basketball fans
take their shot at becoming America's next billionaire.

"Millions of people are getting ready to enter the 'Quicken Loans Billion
Dollar Bracket' challenge," said Dan Gilbert, Founder and Chairman of Quicken
Loans. "When you are putting on a nationwide contest of this size, it's
important to work with the best partners to ensure its success. Yahoo Sports
and their bracket technology is second to none. We are confident they will
deliver a billion dollar-like experience."

"We are excited to team up with Quicken Loans and Warren Buffett to give fans
the chance to win a billion dollars using all of the information, tools and
services available from Yahoo Sports," said Ken Fuchs, VP and head of Yahoo
Sports, Yahoo Finance and Product Partnerships. "There is even more at stake
this year, and Yahoo Sports is the perfect place to get expert advice and data
to help sports fans pick the perfect bracket."

Quicken Loans has also increased the maximum number of contest entries to 15
million and will now allow one entry per person, instead of limiting the
entries to one entry per household as was initially announced.The contest
also now permits U.S. residents age 18 years and older to participate
(expanded from the previously announced 21 years old and up).

Through theQuicken Loans Billion Dollar Bracket Challengewith Yahoo Sports,
all qualified entrants who accurately predict the winners of all 63 games in
the college men's basketball tournament will share a $1 billion prize paid in
40 annual installments of $25 million. Alternatively, the winner(s) may elect
to receive their share of an immediate $500 million lump sum payment.

In addition to the potential billion dollar grand prize, Quicken Loans will
award $100,000 to each of the contest's 20 most accurate 'imperfect' brackets
to use toward buying, refinancing or remodeling a home.

The company has committed $1 million to charities in the Detroit and Cleveland
markets to aid in urban youth education initiatives as part of the roll-out of
the Billion Dollar Bracket Challenge with Yahoo Sports.

"I have been astonished by the response to Quicken Loans' challenge, and the
millions of people who have shown an interest in participating," Buffett
said. "While I wouldn't be thrilled to hand over a billion dollars, I think
it will definitely add even more excitement to the college basketball
tournament this year."

The first 15 million qualified entrants to complete the registration process
at www.quickenloansbracket.comwill beeligible to win the potential grand
prize of $1 billion. The window to enter the 'Quicken Loans Billion Dollar
Bracket Challenge with Yahoo Sports' will endat 1:00 a.m. EDT on Thursday,
March 20, 2014 at which time all eligible registrants must have submitted
their completed brackets and any other required information.

About Quicken Loans
Detroit-based Quicken Loans Inc. is the nation's third largest retail home
mortgage lender. The company closed a record $80 billion of volume across all
50 states in 2013. Quicken Loans generates loan production from web centers
located in Detroit, Cleveland and Scottsdale, Arizona. The company also
operates a centralized loan processing facility in Detroit, as well as its San
Diego-based One Reverse Mortgage unit. Quicken Loans ranked #1 in customer
satisfaction among all home mortgage lenders in the United States by J.D.
Power for the past four consecutive years; 2013, 2012, 2011 and 2010.

Quicken Loans was named among the top-30 companies on FORTUNE magazine's
annual "100 Best Companies to Work For" list for the last 11 consecutive
years, ranking #5 in 2014. It ranked in the top-15 of Computerworld magazine's
"100 Best Places to Work In Technology" for the past nine years, ranking #1 in
2013. The company moved its headquarters to downtown Detroit in 2010, and now
more than 8,500 of its 10,000-plus team members work in the city's urban core.
For more information about Quicken Loans, please visitwww.quickenloans.com,
on Twitter at @QLnews, and on Facebook atwww.facebook.com/QuickenLoans.

About Yahoo
Yahoo is focused on making the world's daily habits more inspiring and
entertaining. By creating highly personalized experiences for our users, we
keep people connected to what matters most to them, across devices and around
the world. In turn, we create value for advertisers by connecting them with
the audiences that build their businesses. Yahoo is headquartered in
Sunnyvale, Calif., and has offices located throughout the Americas, Asia
Pacific (APAC) and theEurope, Middle East and Africa (EMEA) regions. For more
information, visit the pressroom (pressroom.yahoo.net) or the company's blog

About Berkshire Hathaway
Berkshire Hathaway and its subsidiaries engage in diverse business activities
including property and casualty insurance and reinsurance, utilities and
energy, freight rail transportation, finance, manufacturing, retailing and
services. Common stock of the company is listed on the New York Stock
Exchange, trading symbols BRK.A and BRK.B.

SOURCE Quicken Loans

Website: http://www.quickenloans.com
Contact: Aaron Emerson, 313-373-3035
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