Warren Buffett might help Dan Gilbert buy Yahoo

Posted at 9:35 AM, May 16, 2016
and last updated 2016-05-16 09:35:02-04

Berkshire Hathaway has offered to help Cavs owner Dan Gilbert's buy Yahoo.

CEO Warren Buffett said the company offered to be a finance partner for Gilbert's bid, according to CNBC. 

"I'm an enormous admirer of Dan and what he has accomplished in Quicken Loans‎," Buffett told CNBC. "Yahoo is not the type of thing I'd ever be an equity partner in. I don't know the business and wouldn't know how to evaluate it, but if Dan needed financing, with proper terms and protections, we would be a possible financing help."

Along with being the majority owner of the Cavs, Gilbert is also the operator of the Quicken Loans Arena and chairman of Rock Gaming.