Berkshire Hathaway Inc. (BRKA, BRKB) Chief Executive Warren Buffett is supporting a bid for Yahoo Inc.'s (YHOO) Internet assets by Quicken Loans founder Dan Gilbert, Reuters reported Friday, citing people familiar with the matter.

The consortium is in the second round of bidding, the report said.

The field of suitors for Yahoo narrowed last month after a preliminary round that drew interest from dozens of players. Verizon Communications Inc. (VZ) submitted a bid, and private-equity firms are also in the running.

Full story at http://www.reuters.com/article/us-yahoo-m-a-buffett-idUSKCN0Y42ME

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(END) Dow Jones Newswires

May 13, 2016 19:50 ET (23:50 GMT)

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