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And Warren Buffet has joined the takeover offer for Yahoo with Quicken Loans creator Dan Gilbert.

allegedly Buffett has consented to fund a group headed by Dan Gilbert. The billionaire Warren Buffett is to support a syndicate that is applying for Yahoo's most important online asset. Buffett, Chairman and CEO of Berkshire Hathaway, is part of a group that included Dan Gilbert, who founded Quicken Loans. Buffett has a number of articles in the Financial Times that say he co-signed a letters from the group and said he was willing to lend money to them.

Latest information is likely to boost Yahoo's sales plan. Buffett acknowledged at Berkshire Hathaway's last month's AGM that his mutual fund had been slowly linked to the new technology sector. Early this week, Buffett said in an interviewer that Yahoo's Yahoo deal had worsened significantly and something had to be changed.

According to Reuters, Susan Decker, who held various executive positions at Yahoo between 2000 and 2009, is now a Berkshire Executive Vice President. Press agencies were quoting an April 29 broadcast by CNBC TV of an article Decker gave: "Hopefully the next landlord can do something to revive the mind of the key things that made Yahoo very, very special and make a difference in the heads of consumers about why they still like Yahoo.

Those acquainted with the issue said that Yahoo's sales procedure is moving into its second stage, as the company's consultants are negotiating with the trusted tenderers. At the top of the Yahoo bidding roster is Verizon Communications. Yahoo and AOL, which purchased Yahoo for $4.4 billion in 2015, will be merged to form a global marketing group to rival Facebook and Google.

Since Yahoo has neglected to satisfy different user demands and ad technologies, it is loosing revenues to its competitors Twitter, Facebook and Google. Under Marissa Mayer's management, the company's key businesses have declined further over the past four years. Yahoo last months approved the appointment of four new non-executive officers to the Executive Committee following further pressures from active stockholder Starboard Value.

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