Deals
Buffett Said to Back Group Bidding for Yahoo Internet Assets
- Bidding consortium includes Quicken Loans founder Dan Gilbert
- Berkshire Hathaway Chairman has history of financing big deals
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Berkshire Hathaway Inc. Chairman Warren Buffett is backing a group bidding for Yahoo! Inc.’s Internet assets, people familiar with the matter said.
The consortium, which includes Quicken Loans Inc. founder Dan Gilbert, is in the second round of bidding for Yahoo’s assets, said the people, who asked not to be identified because the bidding process is private.