Allen co-founded Microsoft with Bill Gates in 1975. Since leaving the company in 1983, he has whittled his 28 percent stake to less than 2 percent, collecting more than $20 billion along the way. The proceeds have been reinvested through his investment company, Vulcan, which has holdings in energy, entertainment, cable, real estate and technology.
Charter Communications Inc. is nearing a deal to acquire about 1.5 million subscribers from Comcast Corp. and an equity stake in a newly formed company with another 2.5 million customers, people familiar with the situation said.
Paul G. Allen’s claims that 11 companies including Google Inc. and Apple Inc. infringed his business’s online-shopping technology will remain on hold while the U.S. government reviews the quality of the patents, a judge ruled.
Investors’ confidence in companies making acquisitions is emboldening management to execute deals, spurring a mergers and acquisitions boom, according to Michael Carr, co-head of Americas M&A at Goldman Sachs Group Inc.
Paul Allen, who co-founded Microsoft Corp. with Bill Gates, will fund a survey of the number of elephants in Africa to help combat poaching that is claiming the life of one of the pachyderms every 15 minutes.