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.
DirecTV, the largest U.S. satellite- television provider, rose the most in four years to an all-time high after reporting first-quarter profit that topped estimates, bolstered by Latin American subscriber growth.
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.
Charter Communications Inc., the fourth-largest U.S. cable operator, set the rate it will pay on a $1.2 billion loan to repay debt. CVC Capital Partners Ltd. hired Deutsche Bank AG to arrange debt financing for its buyout of German energy-metering business Ista International GmbH.
Charter Communications Inc. cut the rate it will pay on its term loan, while Crown Castle International Corp. is seeking to refinance borrowings. Bank of Japan’s easing measures will be supportive of collateralized loan obligation issuance, Morgan Stanley said.