Author Topic: Buffett/Berkshire - general news  (Read 524292 times)

rb

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Re: Buffett/Berkshire - general news
« Reply #800 on: May 30, 2018, 04:27:39 PM »
I believe it. It was convertible debt, expensive money for uber to gain buffett’s Halo effect. With optionality on the upside for brk. And warren wanted to do far more than 3 billion in size. Dara tried to talk him down to 2 billion. It sounds plausible.  I wonder what the interest rate was. 5-8%?  I didn’t see the rate on uber ‘s term loan
You don't get to have the Halo for 2 billion principal. Halo effects start from $3 billion and up. You take $7 billion and you get to have Buffett show up next to you an CNBC.


Cigarbutt

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Re: Buffett/Berkshire - general news
« Reply #801 on: May 30, 2018, 08:05:16 PM »

On a different note, does anyone have the full opening message from this?

https://www.marketwatch.com/story/warren-buffett-is-bullish-on-growth-in-american-living-standards-2018-05-30

For the exact wording, may have to check the book itself.
For the gist of the message, the following may be equivalent:
http://time.com/5087360/warren-buffett-shares-the-secrets-to-wealth-in-america/

As always, optimist but a hint at lower expectations and the need to address the Great Gatsby curve.
Mr. Buffett has said before that the equality of opportunity has been, for many, an "empty promise".

WneverLOSE

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Re: Buffett/Berkshire - general news
« Reply #802 on: May 31, 2018, 04:50:23 AM »
Quote
Warren Buffett confirms talks with Uber: 'I'm a great admirer of Dara'

https://www.cnbc.com/2018/05/30/warren-buffett-reportedly-offered-uber-3-billion-investment-but-talks-crumbled.html

Interesting that he confirms the talks, now if he doesn't confirm or comment on other roamers he is basically denying them

stahleyp

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Re: Buffett/Berkshire - general news
« Reply #803 on: May 31, 2018, 04:51:49 AM »
thanks cigar!


As my wife might say with regard to Buffett and Uber... "He's wrong again."
Paul

longinvestor

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Re: Buffett/Berkshire - general news
« Reply #804 on: May 31, 2018, 06:30:41 AM »
Buffett must be thinking hard about keeping future dealings under wraps. After all there has to be more and bigger deals coming. If Buffett is an admirer of Dara wil he still be one if the leak came from the other side? Admire from the sidelines Kinda like him admiring Bezos.
« Last Edit: May 31, 2018, 06:34:48 AM by longinvestor »

scorpioncapital

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Re: Buffett/Berkshire - general news
« Reply #805 on: May 31, 2018, 06:39:15 AM »
I think he's just a bit uncertain. So he asked for a particular deal price. Probably too conservative. And they said no...Conservatism pays in the next recession if you need funding. If you don't need it, you just don't need it.

sleepydragon

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Re: Buffett/Berkshire - general news
« Reply #806 on: May 31, 2018, 07:31:03 AM »
Quote
Warren Buffett confirms talks with Uber: 'I'm a great admirer of Dara'

https://www.cnbc.com/2018/05/30/warren-buffett-reportedly-offered-uber-3-billion-investment-but-talks-crumbled.html

Interesting that he confirms the talks, now if he doesn't confirm or comment on other roamers he is basically denying them

Cuz Uber is a big customer of Geico.
And I am sure Web has some insights on Uber through Geico.

netnet

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Re: Buffett/Berkshire - general news
« Reply #807 on: May 31, 2018, 12:52:13 PM »
My first reaction was shock.

My second reaction was, well in some of these late stage investors were guaranteed that the IPO price would be above their price, so if you put into a convert debt deal, it could become interesting.

Must be nice have 100 billion burning a hole in your pocket.
 

gfp

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Re: Buffett/Berkshire - general news
« Reply #808 on: June 04, 2018, 07:10:10 AM »
Dallas paper speculating the recent Homeservices deal could have been around $100 million all cash deal -
https://www.dallasnews.com/business/real-estate/2018/06/04/just-warren-buffett-paid-100m-ebby-halliday-realtors

Warren was apparently friendly with the founder and expressed an interest in buying her company for many years.

Liberty

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Re: Buffett/Berkshire - general news
« Reply #809 on: June 07, 2018, 07:17:32 AM »
29-minute interview with Buffett and Jamie Dimon:

https://www.cnbc.com/video/2018/06/07/warren-buffett-jamie-dimon.html
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