Berkshire Hathaway Chairman and CEO Warren Buffett has offered to help finance Dan Gilbert’s potential Yahoo acquisition. Buffet told 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’s financing help may allow Gilbert to better compete with Verizon which is also bidding for Yahoo. The speculation is that Yahoo is not getting the offer amounts it was looking for.