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.
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 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.
Just months into his job as head of Time Warner Cable Inc., Rob Marcus is set to receive a severance payment of $79.9 million in cash, equity and benefits because he’s selling the company to Comcast Corp.