Next Big Futures, the largest venture capital firm in the United States, has bought a controlling stake in Cox Communications, a communications company that specializes in internet service, telecommunications and content delivery services.
Cox Communications was founded in 1997, and has been in business since 2000.
While Cox has been profitable since 2009, it has faced pressure from rivals like Comcast and Verizon to become more transparent and more responsive to its customers.
In January, the company announced that it would begin offering customers in New York City an online version of its voice service, Cox’s voice service that is currently only available in New Jersey.
“This acquisition will give Cox Communications an opportunity to become a more transparent, accountable and accountable company,” said Tim Karr, Cox Communications’ Chief Executive Officer.
“It will allow Cox to better serve its customers, while providing Cox with more opportunities to innovate and grow.”
The company said it would continue to operate the Voice app, and that it was looking for partners to help build the Cox-powered online service, which would help it expand beyond New York and to other markets.
Cox said it has invested more than $5 billion in its operations since the company’s inception.
The deal is the first of its kind for Cox, which was founded by John Malone and Robert Malone in 1997.
Malone, the founder of the cable TV company Comcast, and Malone’s son, Michael, who is also the Chairman and CEO of Cox Communications.
Michael Malone has been the co-founder of Cox since 2001.
He also co-founded Time Warner Cable.
In 2014, Comcast acquired DirecTV for $45 billion, giving Comcast control of the broadband internet service and the cable television service.
The company’s deal to acquire NBCUniversal, which had about $6 billion in assets, is being renegotiated.
In addition, Comcast’s new CEO, David Cohen, is the chairman of Time Warner and has a $14.5 billion stake in Comcast stock.