Warren Buffett bidding for Yahoo assets with Quicken Loans founder

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Warren Buffett

Lacy O’ Toole | CNBC

Berkshire Hathaway Inc Chairman Warren Buffett is backing a consortium vying for Yahoo Inc's internet assets that includes Quicken Loans Inc founder Dan Gilbert, people familiar with the matter said on Friday.

The consortium is in the second round of bidding in the auction for Yahoo's assets, the people said, asking not to be identified because details of the sale process are confidential.

A traffic light is seen in front of the Capitol building in Washington.

Buffett offered no immediate comment when reached by telephone. A Quicken Loans spokeswoman declined to comment on behalf of Gilbert, while Yahoo did not immediately respond to a request for comment.

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