Financial Services Industry
Industry: Email Alert RSS FeedThe next Microsoft?(Brief Article)
Investment News, August, 1999 by Kapiloff, Howard
* Paul Allen, co-founder of Microsoft Corp., is planning a $3.45 billion public stock offering for his Charter Communications Inc. The New York cable TV company, which Mr. Allen bought last year for a paltry $4.5 billion, is the fourth-largest of its kind with 6.2 million U.S. subscribers.
Mr. Allen is trying to raise money for acquisitions and to take his company to the next level of interactive television, which could offer new possibilities for viewers of Bay Watch.
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