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Yahoo would benefit from going private or becoming part of a larger corporation.
Unfortunately, because of the breadth of what Yahoo does, they sort of became mediocre in so many properties.
It was a complete surprise when Warren called me at my office at Yahoo, and my secretary said it was Warren Buffett. I figured it was a friend of mine playing a joke on me.
Berkshire Hathaway can transfer excess capital from businesses that don't need it to businesses that do need it, tax free and in a way that enhances compound annual growth rates.
When you think of Yahoo, they had a shot to be what Vox is doing, in terms of taking content and distribution, and really focusing on news, sports, finance - the things that uniquely Yahoo was really terrific at - and really build that whole flywheel.