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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
Add BT as a preferred sourcePublished Sun, May 15, 2016 · 09:50 PM
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 includes Quicken Loans Inc founder Dan Gilbert, which is seeking to buy Yahoo's online portfolio, Reuters reported on Friday.
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