31–40 of 135 posts
Buffett has basically parlayed the prestige of his name into sweetheart deals with provisions that no other company could get (eg. his investment in Goldman Sachs).
Wonder if he'll bring a chunk of Yahoo to Detroit?
Earlier quoted context omitted.
He is not buying equity in Yahoo, he is lending money to the actual buyer and will receive interest on that lending. (Which is much more secure)
Actually it sounds as if he would be buying convertible bonds according to the article. This means he will have the opportunity to convert his bonds into equity at some point in the future (at some share price in the future) if he chooses to exercise this right. Otherwise he will indeed just be collecting interest.
Earlier quoted context omitted.
What's the Detroit connection with Warren and Yahoo? I must have missed that in all the articles.
Gilbert. https://en.wikipedia.org/wiki/Dan_Gilbert_%28businessman%29#...
Are there many success stories of Silicon Valley companies leaving the Valley?
Buffett is no fool. Berkshire is providing the financing to Dan Gilbert's group and will receive guaranteed interest as well as an option to convert to equity. I'm sure that financing is jammed packed with warrants and covenants. Buffett has basically parlayed the prestige of his name into sweetheart deals with provisions that no other company could get (eg. his investment in Goldman Sachs).
I find these things amusing "according to people who aren't authorized to speak publicly" except that they are talking to a reporter so that's kinda public. But really what they want to do is let potential other players know that "oh yeah, its real, we're bringing it and we're gone sell this thing, if you want a piece of this you better wake up and call us or your going to lose out." kind of vibe which attempts to in…
Buffett is no fool. Berkshire is providing the financing to Dan Gilbert's group and will receive guaranteed interest as well as an option to convert to equity. I'm sure that financing is jammed packed with warrants and covenants. Buffett has basically parlayed the prestige of his name into sweetheart deals with provisions that no other company could get (eg. his investment in Goldman Sachs).
But who cares about yahoo? (Serious question) yahoo should just die. Please tell me why it shouldn't
Maybe they have calculated they could break Yahoo up and sell the pieces for more than they bought as a whole?
Otherwise I'm out of ideas.
Wonder if he'll bring a chunk of Yahoo to Detroit?
Detroit or Cleveland most likely. That's been his M.O. with his incubator, Bizdom.