Buffet wants a Yahoo smorgasbord

Stefan Mileschin · 18th May 2016, 07:51

Berkshire Hathaway Chairman Warren Buffett is backing a consortium vying for Yahoo internet assets.

While there is no certainty that the consortium succeed, the fact that Buffett is interested is a much needed boost for the troubled Internet company. It is also bad news for the US telecommunications carrier Verizon Communications which is the current favourite. Verizon already owns AOL.

The consortium is in the second round of bidding in the auction for Yahoo’s assets, the people said. Buffett is helping finance the offer, one of the people added.

Reuters reported last month that Yahoo had shortlisted close to 10 bidders in the auction for its assets, with most offers coming from private equity firms.

http://www.techeye.net/business/buff...oo-smorgasbord

18th May 2016, 07:51	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 153,541	Buffet wants a Yahoo smorgasbord Berkshire Hathaway Chairman Warren Buffett is backing a consortium vying for Yahoo internet assets. While there is no certainty that the consortium succeed, the fact that Buffett is interested is a much needed boost for the troubled Internet company. It is also bad news for the US telecommunications carrier Verizon Communications which is the current favourite. Verizon already owns AOL. The consortium is in the second round of bidding in the auction for Yahoo’s assets, the people said. Buffett is helping finance the offer, one of the people added. Reuters reported last month that Yahoo had shortlisted close to 10 bidders in the auction for its assets, with most offers coming from private equity firms. http://www.techeye.net/business/buff...oo-smorgasbord

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
Yahoo! Turns! 20!	Stefan Mileschin	WebNews	0	3rd March 2015 09:46
Yahoo says Yaboo to NSA	Stefan Mileschin	WebNews	0	12th March 2014 09:05
Yahoo CEO gives all US employees an iPhone 5	Stefan Mileschin	WebNews	0	18th September 2012 08:36
Former Yahoo CEO has left the building	Stefan Mileschin	WebNews	0	1st August 2012 09:44
Yahoo CEO goes walkabout	Stefan Mileschin	WebNews	0	14th May 2012 10:13
Yahoo CEO apologises for padded CV	Stefan Mileschin	WebNews	0	9th May 2012 09:22
Yahoo To Lay Off Another 2,000 Employees	Stefan Mileschin	WebNews	0	5th April 2012 08:18
Bing beats Yahoo	Stefan Mileschin	WebNews	0	16th January 2012 08:17
Now Google Wants a Piece of the Yahoo Pie	Stefan Mileschin	WebNews	0	24th October 2011 08:21
Former Yahoo CEO plans buy out	Stefan Mileschin	WebNews	0	11th October 2011 07:43