Economy
Saturday, May 14, 2016
already numerous bidders have expressed interest for the acquisition of the ailing Internet company Yahoo. The previous favorite Verizon could now get serious competition -. Star Investor Warren Buffet
US star investor Warren Buffett turns apparently in the bidding competition for the core business of the ailing internet pioneer Yahoo. Buffett supported a consortium in financing a possible bid, said the projects, people familiar.
Also on board was also US billionaire Dan Gilbert, which among other things owns the US basketball team Cleveland Cavaliers. Buffett declined to the information nor express how the investment company Quicken Loans Gilbert and Yahoo. With Buffett enhance competition in the second round of the bidding process for the AOL parent Verizon significantly.
Allegedly, Yahoo has made a preliminary selection
The US telecom group was last as favorite for the takeover traded. Analysts estimate the value of Yahoo’s Internet and e-mail division on six to eight billion dollars. According to insiders, Yahoo has in the first round selected ten companies, of whom are set to pay with cash.
Yahoo was given the dominance of Google and Facebook continues to fall behind, and finally decided to sell the core business , Also at the beginning of the descent continued. A decision is aimed to June. Buffett is concerned about his investment company Berkshire Hathaway, among others, the floundering IT giant IBM.
Buffett has also errors grant
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The Investor conceded recently a shareholder at the annual meeting of his company in Omaha, to have digested too slowly new technologies. In an interview in early May he demanded changes at Yahoo, but said nothing about a possible interest.
Berkshire director Susan Decker, who worked between 2000 and 2009 including as CFO at Yahoo, had recently said in a TV interview: “I hope that a new owner can revive what Yahoo has made unique and the customers reminded why they like Yahoo still.” Getting into private hands or to be part of a larger group, could help.
Source: n-tv.de
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