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Is Buffett jumping into web stocks with Yahoo deal?

from Bloomberg via Chicago Tribune

Warren Buffett is said to be backing a group bidding for Yahoo's core assets after famously staying on the sidelines through two Internet booms. Have his views changed? Not necessarily. Buffett, 85, often says he doesn't buy web companies because he broadly avoids industries he doesn't understand. But depending on how the deal is structured, he might not be betting on a stock's performance, so much as the company's continued existence. more


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