Report: Gilbert, Buffet trying to buy Yahoo

Posted at 8:27 AM, May 14, 2016
and last updated 2016-05-14 11:07:58-04

Quicken Loans Founder and Detroit native Dan Gilbert and Berkshire Hathaway Chairman Warren Buffet have come together for a bid on Yahoo, according to a report from Reuters.

According to Reuters, the two businessmen are backing a consortium that is trying to buy Yahoo Inc.'s assets, which is currently in the second round of bidding.

Both Quicken Loans and Yahoo declined to comment, while Buffet offered no immediate comment, Reuters reported.