What a rip!! I want the full $1billion in one installment or I'm not playing.
Oliver Barry, CRS, GRI Bob Parks Realty, LLC REO Department 145 Maple Row Blvd Hendersonville TN 37075 Phone: 615-826-4040 Mobile: 615-972-4239 <mailto:[email protected]> [email protected] From: [email protected] [mailto:[email protected]] On Behalf Of Helen Huntley Sent: Tuesday, January 21, 2014 1:35 PM To: [email protected] Subject: [gatornews] A contest for you pick /em geniuses Win $1 Billion Backed By Buffett By Guessing NCAA Basketball Winners JANUARY 21, 2014 . <http://www.fa-mag.com/author/23/bloomberg_news> BLOOMBERG NEWS Warren Buffett's Berkshire Hathaway Inc. is backing a $1 billion prize offered by Quicken Loans Inc. if a contestant predicts the winner of each game in the National Collegiate Athletic Association's men's basketball tournament. The prize will be paid in 40 annual installments of $25 million and split among multiple winners if there is more than one perfect entrant, the Detroit-based lender said today in a statement distributed by PR Newswire. The winner also has the option of a single payment of $500 million. Berkshire has specialized in unusual insurance risks for decades, protecting clients against big losses in return for premium payments. The Omaha, Nebraska-based company won a bet in 2010 on the World Cup after France was eliminated from the tournament in South Africa. Berkshire has previously guaranteed against the potential payout of $1 billion in a contest sponsored by PepsiCo Inc. "We've seen a lot of contests offering a million dollars for putting together a good bracket, which got us thinking, what is the perfect bracket worth?" Quicken Loans Chief Marketing Officer Jay Farner said in the statement. "We decided a billion dollars seems right for such an impressive feat." The 68-team team tournament begins in March. Submissions will be limited to one per household and capped at 10 million entrants, according to the statement. -- Helen Huntley (727) 823-3801 www.helenhuntley.com -- -- GATORS: ONE VOICE ON SATURDAY - NO VOICE ON SUNDAY! 1996 National Football Champions | 2006 National Basketball Champions 2006 National Football Champions | 2007 National Basketball Champions 2008 National Football Champions | Three Heisman Trophy winners: Steve Spurrier (1966), Danny Wuerffel (1996), Tim Tebow (2007) - Visit our website at www.gatornet.us --- You received this message because you are subscribed to the Google Groups "GatorNews" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. For more options, visit https://groups.google.com/groups/opt_out. -- -- GATORS: ONE VOICE ON SATURDAY - NO VOICE ON SUNDAY! 1996 National Football Champions | 2006 National Basketball Champions 2006 National Football Champions | 2007 National Basketball Champions 2008 National Football Champions | Three Heisman Trophy winners: Steve Spurrier (1966), Danny Wuerffel (1996), Tim Tebow (2007) - Visit our website at www.gatornet.us --- You received this message because you are subscribed to the Google Groups "GatorTalk" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. For more options, visit https://groups.google.com/groups/opt_out.
