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Warren Buffett Is Reportedly Backing a New Bidder For Yahoo

May 13, 2016

Yahoo's list of known suitors just got a bit longer.

Berkshire Hathaway's Warren Buffett is backing a consortium that is bidding for Yahoo's Internet assets, according to a report from Reuters, citing anonymous sources. Quicken Loans founder Dan Gilbert is part of the group, according to the report.

The consortium is reportedly in the second round of talks for the Silicon Valley company's assets. Quicken Loans' involvement is unclear.

The list of parties interested in buying Yahoo, whose business has been declining despite CEO Marissa Mayer's four-year turnaround effort, has included a wide range of players. Verizon has emerged as a frontrunner, according to multiple reports.

The telecom giant, which acquired AOL for $4.4 billion last year, is looking to build a bigger online advertising business.

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Other potential buyers are said to include private equity firms TPG Capital, KKR, and the pairing of Bain Capital with Vista Equity Partners.

Representatives for Buffett and Quicken Loans declined to comment to Reuters.

Fortune has contacted Yahoo (yhoo) and will update the story if we hear back.

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