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Warren Buffett: I may help bankroll billionaire Dan Gilbert's bid to buy Yahoo

Berkshire Hathaway has offered to be a potential finance partner for fellow billionaire Dan Gilbert's bid to buy Yahoo, Berkshire Chairman and CEO Warren Buffett confirmed to CNBC.

"I'm an enormous admirer of Dan and what he has accomplished in Quicken Loans‎. Yahoo is not the type of thing I'd ever be an equity partner in. I don't know the business and wouldn't know how to evaluate it, but if Dan needed financing, with proper terms and protections, we would be a possible financing help," Buffett told CNBC.

Berkshire previously provided financing to investment firm 3G Capital for its takeovers of Heinz and Kraft. Berkshire was also an equity partner in that transaction, and remains a major equity partner in Kraft Heinz.

The Yahoo deal would be different, as Berkshire would only putting up financing if it's secured.

Reuters first reported on Friday that Buffett would consider helping finance Gilbert's offer for Yahoo. Gilbert is the chairman of Quicken Loans and the owner of the National Basketball...


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