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story category Gates Wins in Cox Deal
Would cash in on push to go private
(old news - 11:04AM Sunday Aug 08 2004)
tags: business · cable
If Cable provider Cox does go through with a $8 billion buyout of their shareholders, Bill Gates will get roughly a billion dollars, since he owns 5.7 percent of the company, reports MSNBC. Cox Communications stock is the single biggest investment of Gates' personal investment company, according to the article. One analyst says that going private will "make the company stealthier to its competition."

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Forums » Gates Wins in Cox Deal
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SLD
Premium
join:2002-04-17

1 Billion - where's the math here?

Wouldn't he get $456,000,000? That is 5.7% of 8 billion.
permalink · 2004-08-08 11:29:50 · Reply to this
Samwoo

join:2002-02-15
Rancho Palos Verdes, CA

Re: 1 Billion - where's the math here?

i whish i could get 456,000,000...
permalink · 2004-08-08 11:33:33 · Reply to this

needforspeed59
Cruise Ship Just Passing Through

join:2001-05-02
Glendale, AZ		 It probably means he owns 5.7% of the stock. Multiply that times the buyout offer. Of course, you would have to know the number of shares of Cox are issued.
--
Of all the people I know... you're one of them.
permalink · 2004-08-08 11:34:20 · Reply to this

dk1983

join:2003-10-18
Boise, ID
clubs:
·Qwest.net

Re: 1 Billion - where's the math here?

Someone has to take 3 seconds to click on the link and read it. If they had they would clearly see

Gates, chairman of Microsoft Corp. (Nasdaq: MSFT), owns 33.8 million shares of Cox Communication's class A stock (NYSE: COX), or 5.7 percent of the company, according to the most recent Securities and Exchange Commission filings. At Cox's initial offer of $32 a share, Gates' stake would be worth $1.08 billion.
permalink · 2004-08-08 11:55:29 · Reply to this
Noodlin

join:2003-07-11
Monterey Park, CA
Perhaps he owns Preferred Stocks as apposed to the common stocks own by the rest of common stockholders.

permalink · 2004-08-08 11:57:12 · Reply to this

aaaaaabaaa

@qwest.net		 keep in mind, this is the general public, they don't know how to calculate, they barely know how to point & click.
permalink · 2004-08-08 13:59:15 · Reply to this
hottboiinnc
ME

join:2003-10-15
Cleveland, OH

New Name?

If the buyout goes threw wonder if he'll change the name???

Also Cox was started in Dayton Ohio.
permalink · 2004-08-08 12:50:54 · Reply to this
cableguy619

join:2003-06-24
Chula Vista, CA

Re: New Name?

said by hottboiinnc See Profile:
If the buyout goes threw wonder if he'll change the name???

Also Cox was started in Dayton Ohio.
Gates isnt buying Cox, I am not sure where u get the name change...I may be lost in the discussion as well, lol..but Cox Is going to buy shares back and Gates has alot of shares..
permalink · 2004-08-08 15:08:55 · Reply to this
hottboiinnc
ME

join:2003-10-15
Cleveland, OH

Re: New Name?

the way i read it looked like Gates was buying Cox.

Thats what i understood though.
permalink · 2004-08-08 15:11:04 · Reply to this

TrainBuff
The New Haven Railroad
Premium
join:2003-05-01
Buffalo, NY
clubs:		 Maybe Bill Gates will use that money to buy Adelphia.
permalink · 2004-08-08 15:19:43 · Reply to this
hottboiinnc
ME

join:2003-10-15
Cleveland, OH

Re: New Name?

then turn it into MSN Cable LOL
permalink · 2004-08-08 21:17:53 · Reply to this

LordMalak

join:2003-07-02
Brazil
said by hottboiinnc See Profile:
If the buyout goes threw wonder if he'll change the name???

How about Dix??:D
permalink · 2004-08-08 21:06:52 · Reply to this
kaila

join:2000-10-11
Lincolnshire, IL
clubs:

Hooray!

Bill is slightly richer!
permalink · 2004-08-08 12:51:15 · Reply to this

53059959
Temp banned from BBR more then anyone

join:2002-10-02
PwnZone

Re: Hooray!

LOL....

you can never have too much money
permalink · 2004-08-08 13:24:14 · Reply to this

FLECOM
Bay Networks Freak
Premium
join:2003-03-03
Miami, FL

1 edit		 err? how is that? he already owns the stocks, if he were to sell them @ $32 a share he would get his $1.08bil anyway... its not that he is getting more money, its just thats where he has a chunk of his money...

anywho billgates is actually pretty cash poor compared to others, just has assloads of assets in stocks bonds etc etc, but he would probably loose money were he to liquidate his assets in a hurry etc

im all up for bill bashing but this article is pretty pointless imo, its just saying that billy owns a large portion of COX, so? who cares? he owns a large portion in a nuclear shipyard? and loads of other organizations like every other rich person out there... no rich person is stupid enough to leave most of their assets as cash, dosent make you any money
permalink · 2004-08-08 15:35:54 · Print · Reply to this

toddbs98

join:2000-07-08
North Little Rock, AR
clubs:
·Sprint Mobile Broa..

Re: Hooray!

Just because he is getting a check for1.08 billion dollars doesn't mean he is made any money. No where does it say what he paid for the stock. Could be he lost money. Really don't see the point of this article, except to feed the Bill bashers. What they need to remember though is that Bill Gates is one of the largest philanthropist in this country, giving away billions of dollars.
--
If the doors of perception were cleansed everything would appear to man as it is, infinite. For man has closed himself up, till he sees all things thru' chinks of his cavern.- Blake
permalink · 2004-08-08 16:06:12 · Print · Reply to this

CPM

join:2001-08-24
Miami, FL

Re: Hooray!

Hooray go ahead a drink red stripe beer
permalink · 2004-08-08 17:38:56 · Reply to this
KnightAR

join:2004-04-22
San Marcos, CA
·Cox HSI

...

Well, Basicly all this is tell you is that Bill ownes 5.7% of the stocks and Cox wants to go privite (Get out of the stock market). So, This is why they are trying to buy the stocks back. Bill is NOT buying Cox, Cox is just paying him for his stocks he ownes. Thats all. No name change, No buy outs.

- KnightAR
permalink · 2004-08-10 07:21:25 · Reply to this
Forums » Gates Wins in Cox Deal

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