Buffett backing group bidding for Yahoo Inc.s core assets
The Dollar Business Bureau Warren Buffet is said to be backing the group bidding for Yahoo! Inc.’s core assets after famously staying on the sidelines through two Internet booms. The Chairman of Berkshire Hathaway Inc., Buffett, 85, is supporting a group of investors comprising of Quicken Loans Inc. founder Dan Gilbert in the second round of bidding for Yahoo’s Internet assets. Berkshire had been providing funds for buyouts as well as patient capital for firms in crisis. In 2014, Burger King Worldwide Inc. was financially helped by Buffett worth $3 billion with its takeover of Canadian doughnut chain Tim Hortons Inc. In 2008, he helped Goldman Sachs Group Inc. as well value $5 billion during the financial crisis. In the Burger King and Goldman Sachs contacts, Buffett ...
