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.
Paul Allen News
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Quinn Emanuel Urquhart & Sullivan LLP will open an office in Sydney next month with Michael Mills and Michelle Fox of Herbert Smith Freehills.
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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.
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Oaktree Capital Group LLC, the world’s largest distressed-debt investor, said first-quarter profit more than tripled as it realized higher gains on investments and collected more fees.
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Apollo Global Management LLC, the private-equity firm run by Leon Black, reported first-quarter profit that beat analysts’ estimates as the value of its fund holdings climbed.
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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.
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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, according to a person with knowledge of the transaction.
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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.
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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.
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John Malone’s Liberty Media Corp. is close to a deal to acquire 25 percent of Charter Communications Inc. from its private-equity investors, according to a person familiar with the situation.
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John Malone, the billionaire chairman of the Liberty group of companies, said he’d be interested in agreements with U.S. cable carriers to move toward an industry alliance.
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