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Digital Transformation

Warren Buffet and Dan Gilbert reportedly preparing Yahoo bid

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By John McCarthy | Media editor

May 16, 2016 | 2 min read

Berkshire Hathaway head Warren Buffet is rumoured to be in the running to snap up slumping web firm Yahoo.

The US media is reporting that Buffet, on behalf of the investment group, has pledged his wealth to a potential bid.

Warren Buffet

There has been a raft of interest for the company, with about 10 potential takeovers on the horizon.

With Buffet is Dan Gilbert, a fellow member of the Berkshire Hathaway group, and also the founder of Quicken Loans. Also rumoured to be in the running for the stagnating web giant is Verizon, the Daily Mail and a number of private investment groups.

It comes during a tumultuous time for the company. Back in February the company axed 15 per cent of its workforce, a total of almost 2,000 staff.

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