Jeff Bezos and the Enchanted Hill property (Credit: Arif Hudaverdi Yaman/Anadolu Agency via Getty Images)In this time of crisis and economic turmoil, even the world’s richest man seems to be cutting back on expensive purchases.Amazon CEO Jeff Bezos has pulled out of a deal to buy the late Paul Allen’s 120-acre “Enchanted Hill” property in Beverly Crest, according to the Los Angeles Times. Bezos and the managers of Allen’s estate were reportedly close to a $90 million deal for the semi-developed property last month.News of the supposedly imminent deal came shortly after Bezos paid a record $165 million for David Geffen’s massive Beverly Hills estate.That means the Enchanted Hill is back on the market, asking $110 million. Four Hilton & Hyland agents are on the listing, including co-owners Jeff Hyland and Rick Hilton.Allen listed the property for $150 million in mid-2018, just a couple months before he died of complications related to cancer.ADVERTISEMENTAllen himself picked up the Enchanted Hill for $20 million in 1997. It was just one property in a large portfolio that included nearly a dozen mansions near Seattle, a handful of properties in L.A., and at least two properties in New York. The price was cut to $110 million in October.No word on what Bezos plans to do with the extra $90 million burning a hole in his pocket, but some of his Amazon employees probably have some ideas. Workers at some of the company’s New York-area facilities are planning to walk out in protest of what they call unsafe conditions related to the coronavirus pandemic. They want Amazon to pay them while the company sanitizes their facilities. [LAT] — Dennis Lynch This content is for subscribers only.Subscribe Now
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Quantenna Communications has announced that it has achieved 802.11ac Multi-User Multiple-Input-and-Multiple-Output (MU-MIMO) Interoperability in cooperation with MediaTek. The companies have been working closely together on product interoperability testing and are showing how MU-MIMO improves user experience while optimizing network efficiency to conserve precious spectrum resources. Quantenna is an innovator of ultra-high performance 802.11ac and 802.11n Wi-Fi semiconductor solutions that establish benchmarks for speed, range, efficiency and reliability.The full potential of today’s MIMO access points is not being realized due to the dominance of simple mobile devices and challenging channel conditions. MU-MIMO allows concurrent transmissions from massive/high order MIMO access points to multiple lower order clients like single antenna mobile devices, spectral efficiency and network performance can both be significantly increased. The improvements in spectral efficiency result in higher performance in the same channels.“We are delighted to see our collaboration with MediaTek result in the delivery of this key industry milestone of 802.11ac MU-MIMO interoperability,” said Sam Heidari, CEO of Quantenna Communications. “A true ecosystem requires multiple vendors and we are pleased to be working closely with MediaTek. MU-MIMO is the revolutionary feature of 802.11ac, just as MIMO was to 802.11n. Wireless traffic is growing exponentially, primarily driven by streaming video services and applications. Serving this growth while improving performance must be done with the maximum spectral efficiency.”“We believe that MU-MIMO is an important technology for enhanced performance in response to the more populous multi-client environment and growing number of devices at home,” said SR Tsai, general manager of MediaTek’s Wireless Connectivity and Networking Business Unit. ”Interoperability is a critical step to bring the true value of MU-MIMO to our customers. MediaTek has shipped billions of wireless chipsets, and thus we understand and appreciate industry partnership that gives our customers the best wireless experience. We are excited to announce our cooperation with Quantenna to create a true multi-vendor 802.11ac MU-MIMO ecosystem.”You can visit Quantenna at IBC 2014 in RAI Amsterdam from September 11-15, 2014, Hall 13 MS 36.About Quantenna Communications, Inc.Quantenna is a global leader and innovator of ultra-high performance 802.11ac and 802.11n Wi-Fi semiconductor solutions that establish benchmarks for speed, range, efficiency and reliability. Quantenna pioneered the delivery of seamless multimedia video and data anywhere indoors and outdoors. Named “The Next Big Thing” by the Wall Street Journal, Quantenna has shipped millions of its Wi-Fi chipsets being deployed by major retail, telecom, cable and satellite service providers and operators worldwide including AT&T, DIRECTV, Bell Canada, Swisscom, Telefonica, Orange and Belgacom. Quantenna is headquartered in Silicon Valley, with offices worldwide.