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.
Comcast Corp. is weighing options for how to divest about 3 million cable subscribers as part of a takeover of Time Warner Cable Inc. -- including spinning them off in a new publicly traded company, people with knowledge of the matter said.
Netflix Inc. has agreed to pay for more-direct access to Comcast Corp.’s broadband network to improve speed and reliability for its video-streaming customers, according to three people familiar with the matter.
Charter Communications Inc., the U.S. cable company that lost out to Comcast Corp. in its bid to buy Time Warner Cable Inc., is “still interested in wisely acquiring subscribers,” Chief Executive Officer Tom Rutledge said.
The judge who presided over the bankruptcy of Lehman Brothers Holdings Inc., the largest in U.S. history, will join law firm Morrison Foerster LLP next month to help lead its restructuring and insolvency group.
The Federal Reserve will release minutes from its Jan. 28-29 meeting, the last presided over by former Chairman Ben S. Bernanke and at which policy makers further reduced the central bank’s record stimulus.
On Feb. 4, executives of cable operators Comcast Corp. and Charter Communications Inc. gathered at the Manhattan offices of law firm Wachtell Lipton Rosen & Katz to discuss Charter’s bid to buy Time Warner Cable Inc. It proved to be the final straw for Comcast and its chief executive officer, Brian Roberts.