Warren Buffett: I may help bankroll billionaire Dan Gilbert's bid to buy Yahoo
Publishing timestamp: 2016-05-16 10:05:44
Summary
Berkshire Hathaway has offered to provide financing for Dan Gilbert's bid to buy Yahoo. Other bidders include Verizon, TPG Capital, and a group comprising Bain Capital and Vista Equity Partners. Yahoo has struggled to compete with Google and Facebook in the digital advertising market and is selling off noncore assets. Former Yahoo executives are involved in some of the bids.
Sentiment: NEUTRAL
Tickers: VZ, MSFT, AABA-CH, GOOGL, META, BRK.A, KHC,
Keywords: technology, bill gates, berkshire hathaway inc, mergers and acquisitions, warren buffett, business news,