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Warren Buffett, Quicken Loans will pay $1 billion for perfect March Madness bracket

Now this is a sports bet. Berkshire Hathaway, the company owned by Warren Buffett, will pay $1 billion to the person who correctly predicts the winner of every game during March Madness. In exchange for his promise to pay up, Quicken Loans is paying Buffett a premium that neither man would disclose. (“Dan would say it’s too much, I would say it’s too little,” Buffett said.) (Sporting News)

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