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It sound as a good news for everybody. Buffett is know for not putting too much pressure on his investments giving them the time to grow and be profitable. It is a strategy that worked pretty well, however a technology company is a different beast from the other companies in the Hathaway portfolio (winner takes it all/most), said so Yahoo can still an important player with the right management.
Buffet isn't bidding for the group, it wouldn't be part of the Hathaway portfolio. He's just providing the financial backing for Dan Gilbert.
Buffet buying a stake in a technology company. Never thought I'd see the day.
Earlier quoted context omitted.
I know they have a quantum computer, Watson AI, and that Power architecture...but isn't IBM primarily a sales and consulting company? at least, by revenue and headcount?
Is yahoo really a technology company? IMO it's more of a media company.
I heard on the radio that someone proclaimed Facebook is now a media company...no, they've always been a media company.
It seems that Buffett is helping finance the offer. He might not be the part of the consortium. He may have arranged a loan for them. That would be more the style of Buffet. Selling pickaxes during a gold rush. He rarely invests directly in technology companies. >The consortium is in the second round of bidding in the auction for Yahoo's assets, the people said. Buffett is helping finance the offer, one of the people…
It seems that Buffett is helping finance the offer. He might not be the part of the consortium. He may have arranged a loan for them. That would be more the style of Buffet. Selling pickaxes during a gold rush. He rarely invests directly in technology companies. >The consortium is in the second round of bidding in the auction for Yahoo's assets, the people said. Buffett is helping finance the offer, one of the people…
Yeah, Buffett prefers buying high free cash flow assets, ideally backed by some kind of monopoly or other barrier to entry, and then using the cheap money to offer exactly this kind of financing. Buying Yahoo assets themselves wouldn't be at all his style.
This is more like when he loaned money to GE. Hope this bid wins, I always love learning how he structures his deals.
It seems that Buffett is helping finance the offer. He might not be the part of the consortium. He may have arranged a loan for them. That would be more the style of Buffet. Selling pickaxes during a gold rush. He rarely invests directly in technology companies. >The consortium is in the second round of bidding in the auction for Yahoo's assets, the people said. Buffett is helping finance the offer, one of the people…
Yeah, Buffett prefers buying high free cash flow assets, ideally backed by some kind of monopoly or other barrier to entry, and then using the cheap money to offer exactly this kind of financing. Buying Yahoo assets themselves wouldn't be at all his style.
Agree, it's more likely it's a favorable loan term (perhaps what he did with GS - high coupon preferred redeemable for common).