Online bidding for a lunch with legendary investor Warren Buffett, chairman and chief executive of Omaha, Neb.-based Berkshire Hathaway Inc., began at $25,000 Sunday night in a charity auction that benefits San Francisco’s Glide Foundation. The auction, which closes Friday at 7 p.m. PDT, brought in more than $620,000 last year. Buffett announced a plan last year to give away the bulk of his fortune.
Billionaire Barry Diller, the chairman of Expedia Inc., said he won’t transfer control to John Malone’s Liberty Media Corp. Expedia said last week that it would spend as much as $3.5 billion to buy back 42 percent of its common stock. Liberty will keep its shares, Expedia said. Liberty holds 56 percent of Expedia’s shareholder vote and all of the company’s common stock.