December 5, 2000 |
Oxygen Media Inc., an Internet and cable-television company that caters to women, said it had received $100 million in new funding from Vulcan Ventures Inc., the investment company run by billionaire Paul Allen, Microsoft Corp.'s co-founder. The money will let New York-based Oxygen develop new Internet and cable-programming services and increase its cable subscribers, a spokeswoman said.
August 5, 1999 |
Allegiance Telecom Inc. said Paul Allen's Vulcan Ventures Inc. will pay $75 million for a 2% stake in the local phone operator, with the option to increase that stake to 10%. As part of Microsoft Corp. co-founder Allen's "wired world" strategy, his investment firm Vulcan Ventures will buy 1.5 million shares of Allegiance common stock from its existing private equity investors at $50 per share.
May 9, 2001 |
Billionaire investor Paul Allen might be moving off TheStreet.com Inc. (TSCM). Vulcan Ventures Inc., an investment vehicle for Allen, the co-founder of Microsoft Corp., and InfoSpace Inc. (INSP) might each sell their 2.4% stakes in TheStreet.com Inc., according to a regulatory filing. InfoSpace, which sells electronic-commerce services, and Vulcan each hold 670,167 common shares in TheStreet.com, a New York-based Web site that provides financial commentary and news. TheStreet.
November 20, 1999 |
Ziff-Davis Inc. agreed to sell its 64% stake in the ZDTV interactive cable television channel to Paul Allen's Vulcan Ventures Inc., getting $204.8 million from its partner in the venture to help reduce debt. The computer magazine publisher, a unit of Japan's Softbank Corp., is selling assets to help boost its share price. The company hasn't made a profit since selling shares to the public in April 1998.
June 17, 1999 |
Vulcan Ventures Inc., Microsoft Corp. co-founder Paul Allen's investment company, confirmed Wednesday that it has agreed to invest up to $100 million in Oxygen Media Inc., a closely held media venture that caters to women. Vulcan will take an undisclosed minority stake in New York-based Oxygen, and join Oprah Winfrey's Harpo Entertainment Group on Oxygen's board of directors. Allen, who owns No. 7 cable operator Charter Communications Inc.
February 17, 2000 |
Paul Allen's Vulcan Ventures Inc. acquired the Sporting News from Times Mirror Co., adding the sports magazine and its Web site to the company's expanding cluster of media properties. The Sporting News, founded in 1886, is the nation's oldest sports publication. The weekly magazine, which also publishes sports-related books and seasonal preview magazines, will continue to be based in St. Louis. Terms of the sale weren't disclosed. Vulcan Ventures, Allen's Bellevue, Wash.