Venture Capitalist May Bid in TV Incentive Auction
Investor Chamath Palihapitiya and his boutique venture capital firm Social Capital are looking at coming into the TV incentive auction in a big way, spending as much as $10 billion on 600 MHz spectrum, said a report in Re/code. The…
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new venture, Rama, would use software from one of Palihapitiya's companies, LotusFlare, to help manage and organize a new network, he reportedly said. Preston Padden, former Expanding Opportunities for Broadcasters Coalition executive director, had a brief response in an email: “WooHoo!” Palihapitiya didn't comment. He's an electrical engineer and partial owner of the NBA's Golden State Warriors.