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Warren Buffett Bidding for Yahoo Assets with Quicken Loans Founder

35 pointsby geoffwooabout 9 years ago

3 comments

nabla9about 9 years ago
It seems that Buffett is helping finance the offer. He might not be the part of the consortium. He may have arranged a loan for them. That would be more the style of Buffet. Selling pickaxes during a gold rush. He rarely invests directly in technology companies.<p>&gt;The consortium is in the second round of bidding in the auction for Yahoo&#x27;s assets, the people said. Buffett is helping finance the offer, one of the people added.<p><a href="http:&#x2F;&#x2F;www.reuters.com&#x2F;article&#x2F;us-yahoo-m-a-buffett-idUSKCN0Y42ME" rel="nofollow">http:&#x2F;&#x2F;www.reuters.com&#x2F;article&#x2F;us-yahoo-m-a-buffett-idUSKCN0...</a>
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sisciaabout 9 years ago
It sound as a good news for everybody.<p>Buffett is know for not putting too much pressure on his investments giving them the time to grow and be profitable.<p>It is a strategy that worked pretty well, however a technology company is a different beast from the other companies in the Hathaway portfolio (winner takes it all&#x2F;most), said so Yahoo can still an important player with the right management.
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hkmurakamiabout 9 years ago
Buffet buying a stake in a technology company. Never thought I&#x27;d see the day.
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