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Can Buffett-backed bid help Yahoo grow?

Analysts say the renowned investor's history of betting on struggling companies that have a big consumer base could work in Yahoo's favour

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In Media General's case, Mr Buffett bought many of its newspapers and provided nearly US$450 million in debt relief.

San Francisco

WARREN Buffett struck media gold with a 2012 investment in debt-laden Media General Inc. Now the famed investor may try to reprise that success by supporting a bid for Yahoo Inc's Internet assets.

The Berkshire Hathaway Inc chairman is backing a consortium that