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Warren Buffett: I may help bankroll billionaire Dan Gilbert's bid to buy Yahoo

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Buffett may finance Gilbert's bid for Yahoo

Berkshire Hathaway has offered to be a potential finance partner for fellow billionaire Dan Gilbert's bid to buy Yahoo, Berkshire Chairman and CEO Warren Buffett confirmed to CNBC.

"I'm an enormous admirer of Dan and what he has accomplished in Quicken Loans‎. 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," Buffett told CNBC.