Connect with us

Hi, what are you looking for?

Jewish Business News

Mergers & Acquisitions

Billionaire Warren Buffett and Dan Gilbert from Quicken Loans Are Bidding on Yahoo

Warren Buffett Dan Gilbert

 

Reuters reports on Friday that Quicken Loans Founder and Detroit native Dan Gilbert and billionaire Warren Buffett, the founder of Berkshire Hathaway, have come together for a bid on Yahoo.

According to Reuters, the two businessmen are backing a consortium that is trying to by Yahoo Inc.’s assets, which includes its news assets as well as Yahoo Search.

Yahoo and both Warren Buffett and Dan Gilbert declined to comment, Reuters reported.
This is the second time Yahoo has gone for bidding . Verizon and various private-value firms, including TPG, have put offers in the first round, but Yahoo didn’t make any remark yet on the offering procedure.

thetechnews says that sfter falls in Yahoo’s core business, many investors have turned their face from Yahoo and therefore, the tech giant has been under pressure from Starboard Value to totally change its administration and offer its center web business for sale. Starboard as of late achieved a settlement to pull back its intermediary battle in return for getting four board seats at Yahoo.

Wall Street believes that Yahoo’s core wealth to be worth about $4 billion to $8 billion.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Newsletter

Advertisement

You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...

empty

The contract signed between the Israeli government and Pfizer shows clearly and unequivocally that this is a clinical study on humans - The agreement...

Travel

After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.

Advertisement
cialis cialis satış