Word: robertses
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Dates: during 1990-1999
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But the convergence of television and computers got a big push last week when a couple of digital-era bosses, Microsoft king Bill Gates and Brian Roberts, president of Comcast Corp., agreed on a deal in which Microsoft will invest $1 billion for an 11.5% stake in the Philadelphia company...
The deal links two techno-forward cultures run by entrepreneurial boomers. Gates, 41, and Roberts, 37, were seated next to each other at a Seattle restaurant seven weeks ago at a dinner Gates was giving for visiting cable executives. Since it was his nickel, Gates complained about the slow pace...
Gates was surprised to learn that such a statement would be cheap: $1 billion could buy about 11% of Comcast. (A similar slice of his company would cost $18 billion.) Roberts soon returned to Seattle with his investment banker Steven Rattner, the newly elevated deputy CEO of Lazard Freres in...
In reality, there's not much left of the Comcast ranch to bet. Roberts and his father Ralph, 77, who own 7% of Comcast stock, have spent billions building up a collection of programming and telecom services. The list includes 57% of QVC (home shopping); a 68.8% piece of E...
Comcast needs a bigger pipeline than conventional cable--called broadband in the industry--to handle that load, and Microsoft can help finance it. "By developing a broadband pipe, connecting it to a state-of-the-art chip and supplying the latest version of software, we will enhance both TV and...