Michael J. De La Merced and Bill Carter talking to Comcast CEO Brian Roberts:
Mr. Roberts recalled that when Bill Gates invested $1 billion in his company in 1997, the Microsoft billionaire told him that data would be a bigger business than video one day.
“I didn’t know what he was talking about then, but he was right,” Mr. Roberts said.
1) Bill Gates invested $1 billion into Comcast in 1997?! Yep. He did. (That $1 billion gave Microsoft an 11.5% stake in Comcast at the time. That stake would be worth something like $15 billion today, but the company sold the stake in 2008.)
2) The Comcast investment was right before Gates invested $150 million into Apple, seemingly on its deathbed.
3) Bill Gates is a genius with impeccable timing.