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.
A Mark Rothko painting owned by Microsoft Corp. co-founder and billionaire Paul Allen helped boutique auctioneer Phillips sell $132 million worth of art, capping two weeks of marathon sales in New York.
Comcast Corp.’s bid to buy Time Warner Cable Inc. may be the opening act for a yearlong festival of telecommunications deals that would alter Internet, phone and TV service for tens of millions of Americans.
Former U.S. Bankruptcy Judge James Peck will represent the official committee of unsecured creditors in the bankruptcy of Energy Future Holdings Corp., the Texas power company that is trying to restructure about $40 billion in debt.
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.
Vinson & Elkins LLP advised Energy Transfer Partners LP, the pipeline company run by billionaire Kelcy Warren, which agreed to buy Susser Holdings Corp. for $1.8 billion. Gibson Dunn & Crutcher LLP advised Susser. Bingham McCutchen LLP acted as tax counsel to Energy Transfer.
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.