Looks like gorging itself on other cable companies has made Charter Communications an attractive target for being acquired itself. After Charter rebuffed Sprint’s merger overtures recently, Sprint’s owner, SoftBank made some noise about buying Charter outright. Now this week, Netherlands based Altice is said to be working on an offer to take over Charter. We will see who makes a formal offer first.
Mobile phone companies Sprint and T-Mobile have been the subject of numerous rumors over the years as to when and if they would ever join forces. Kind of like Scully and Mulder in the X Files. Recently the mobile environment has started to liven up even more.
Here is your recap of cable and Internet service industry news from around the US and the world this week:
Company Owned By Richest Man in World To Lay Off Thousands
Microsoft has announced that they will be laying off between 3000 and 5000 employees. Just to crunch some numbers, if we average it and say that it is 4000 lay offs and estimate that they make $125,000 a year, that comes to $500,000,000. Last year, Bill Gates, the world’s richest person, is estimated to have raked in $11.5 billion in income last year.
Remember as a kid the old View Masters that you would slide a cardboard disc with slides in to view Disneyland or the seven wonders of the world? Well, Virtual Reality has come a long way since then.
Most of the major tech players are experimenting with and developing various Augmented and Virtual Reality apps and programs. This article is meant as a very brief summary of a bit of what is out there. A comprehensive overview of the subject would be a very big book and would be outdated before it was complete.