Canadian government approved burger kings purchase of tim horton, which burger king made for tax reasons. Just raised another 1. 2 billion dollars at a valuation of 40 billion. They have more than doubled their valuation since june and is worth four times as much as other startups like airbnb and dropbox. The company is going to use the cash to expand operations in asia pacific. Paid tv channel stars is considering partnerships after failing to find a buyer. A person familiar with the matter said cbs, lions gate, fox and amc looked at starz but passed because they thought the price was too high. Billionaire john malone currently controls the company. Ismarissa mayers mercer myers strategy having an impact . Yahoo will command 3. 7 of the market next year, edging out twitter but still way behind google and facebook. To our lead, Facebook Ceo Mark Zuckerberg wants to bring internet to the masses from poor, crowded towns in africa to the remotest parts of the globe. Today we have an update on internet. Org, the partnership zuckerberg launched between facebook, samsung, ericsson and others. I spoke to him about his efforts to connect the world beyond facebook. Here is some of that exclusive interview. That the biggest hurdle actually isnt either technical or affordability, it is the social challenge where the majority of people who arent connected are within range of a network and can afford it, but they dont know why they would want to use the internet. If you grew up and you never had a computer and youve never used the internet and someone asked you if you want to buy a data plan, your response would probably what is a data plan and why do i want to use this. Facebook is a forprofit company. Is this a nonprofit . Is this charity . If we were primarily focused on profits, the most reasonable thing for us to do would be to really focus on the first billion people using our products. The world isnt set up equally. The first billion people using facebook have way more money than the rest of the world combined. From a business perspective, it doesnt make a huge amount of sense for us to put the emphasis in this that we are right now. The reason we are doing is were here to help connect the world. We take that very seriously. You cant really do that if two thirds of the world does not have access to the internet. Over the long term, it could be good for our company as well if you look at it in a 10, 20, 30 year time horizon. A lot of these countries will development over time they will be important. Peek of my a sneak exclusive interview with mark zuckerberg. Stay tuned to bloomberg west for more of our sitdown with zuckerberg as we discussed his Ambitious Goals with internet. Org. Still ahead, an exclusive interview with michael dell, dells cofounder and ceo. He tells us about the future of the cloud and what he thinks of dells competitors. Watch as streaming on your tablet, phone, bloomberg. Com apple tv, and amazon fire tv. Im emily chang. This is bloomberg west. Year since over a shareholders approved michael dells bid, backed by silver lake and others. It seems the deal not only made some a lot of money, but the business itself has rebounded. Michael dell sat down with Erik Schatzker in an exclusive interview. Eric started by asking about increasing competition in the cloud. You have to have a very efficient supply chain. Youve got to be relentless on cost. Its an Operational Excellence business for sure. And youve got to keep moving up the food chain in terms of valueadd an software and services. You feel prepared for it. We are doing well. Weve had a great year. We are energized to do that. We bought 40 companies in the last five or six years. We added tremendous i. P. We grew over 20 last quarter. We are off and running. Microsoft has been a good partner of yours and hps. Move as your server business to unbranded boxes . That isodel conventional wisdom is that the public cloud grows and Everything Else shrinks. I think Something Different is happening. People dont actually want the public cloud or the cloud. They want the benefits of the cloud. But what is it . Software that allows you to get better utilization over this shared pool of resources. What is happening is you are starting to see a new breed of software in these private data centers and is making them much more efficient. That efficiency over time is approaching efficiency of the public cloud. And talk tot there a company, 500 person, 1000 20,000 person and you say what do you like about the cloud i like the efficiency, the cost. Im worried about security. Beingrried about my data stolen and the risk associated with that. We are seeing real growth in the private cloud. You are seeing a lot of energy being applied by microsoft, red. At, a number of new companies private enterprises to do the kinds of thing that the public cloud offers. Exactly. These sound like powerful trends. If you look into the future, what do ucs a most disruptive technologies, the things that are going to change our lives as consumers, the things that are going to change the course of history for companies . Silicon costs are coming down dramatically. Creating not a billion devices but a trillion devices. Is enabling all kinds of new Business ModelDisruption Beyond Technology disruption. Airbnb,k about uber and these arent really Technology Innovations as much as much as they are Business Model disruptions driven by the availability of technology at low cost. Ands going to continue only accelerate, and then of course as you go from one devices,o one trillion you have enormous amounts of data. That data has to be analyzed and interpreted. You have to do something with it, and then you can enhance all kinds of businesses for better outcomes, and not just businesses, but health care, education, environment, energy, etc. There is an enormous amount of opportunity in our sector, and it is becoming much more important. It used to be it was a big companies, it was very expensive. Cant do anything without technology, small businesses, they are able to go global much ise rapidly, and so the pie expanding significantly in our sector. There are only about 10 companies on the planet that have more than 1 of this 3 trillion market. We have about 2 of it. We would like to have 3 or 4 . We will keep working on it. That was Erik Schatzker with michael dell, founder and ceo of dell. To googlepple one search, Silicon Valley has taken a central role in innovation. But is it responsible for the most innovative [indiscernible] in history . Im emily chang. 1947, researchers at bell labs invented the transistor, critical First Step Towards the creation of the microchip. Fast forward 67 years, and the rest is history. Bloomberg businessweek is celebrating the microchips 85th anniversary this week with a list of the 85 most disruptive ideas in our history. Ourjoined by editoratlarge, cory johnson. Give us a big highlights. When we started working on this issue about a year ago, we wanted to highlight ideas that have changed the business landscape but also innovations that have really changed the way ordinary people lead their lives. A lot of the Technological Innovations that we highlight become large,ases multibilliondollar public companies, but we really felt the things that have been most disruptive and influential are those things that have truly changed the way people organize their lives and in some ways have made their lives better. I just love this list, romesh. It reminds me of some of the things we take for granted, like the Birth Control pills, says the guy to another guy. I love the things that have changed the world around us in dramatic ways. Actuallyny that invented powerpoint as well as filemaker back in the day, and did so on the macintosh. Right. Is aning like powerpoint idea that no one really knew would have the kind of impact that it eventually came to have. It was originally designed and only offered on macintosh and microsoft purchased it and it became the goto application in just about every business meeting you have ever sat through. A lot of these ideas are disruptive. That arethese ideas disruptive are not necessarily things that everybody feels have been have added the greatest benefit to their lives, but they have changed the way business operates and change the way Society Works and that is why they are highlighted here. We throw this word innovation around ridiculously. When we cover Silicon Valley, we talk about innovation so much. I wonder when you took the time to look back if you saw things that were truly innovative in their day and look at things today and say, that is not innovative. There are a lot of things that we considered putting on this list to fall into that category. There are things that for a brief period of time were important and widely used, but then Something Else came along and replace them. Like what . One thing we talked about was the fax machine. The fax machine was in some ways a very early form of social media. It was something that was used in most businesses, and yet we wasd that over time it overtaken by other technologies and ultimately replaced. Talk about some of the up and comers on the list, some companies that we should be watching for future innovation. We have some very Young Companies on this list. Its hard to believe, but Companies Like facebook and twitter are really not that old compared to some of the other ideas that populate our lists here. We believe the sharing economy, broadly speaking, is in and of itself highly disruptive. It is disrupting so many different industries. We have a great graphic in the magazine that will show you just how many different ways you can take advantage of the companies and websites that are offering sharing opportunities and allowing people to monetize themselves in many ways. Obviously that is a huge new innovation is something that is going to be creating a lot of value over the next decade, century, potentially, and maybe when we come back 85 years from now we will see some of those companies on the list. What made the list that was the biggest fight within the hallways of business week . I dont know that we had a huge amount of disagreement oh, come on. I know you people. Dispute aboutome the whole notion of ranking these ideas, which we decided to do only a couple of months ago. We had a list of 85 that was more or less that. We decided lets really make people mad and actually rank these things 85 to one. When we decided the number one engine,ld be the jet which i can disclose is the number one item on our list, i think there are some people who thought there were other ideas that might be more important, the manhattan project, Birth Control pills. We feel the jet engine is a single innovation that really made the world a smaller place. Themeo me is the dominant of the last 50, 70 five years globalization and the growing integration of the world, and engine, by facilitating transportation, bringing people together, allowing people to see parts of the world they could not have seen 75 years ago, that is why we thought it was the most important, the most disruptive idea of the last 35 years. Romesh ratnesar, thanks so much for joining us. It skips velcro. I thought they would talk about velcro number one. Studio 1. 0, on i speak with the blackberry ceo. He is famously known for reinventing [indiscernible] taking it from near death to 5. 8 billion powerhouse. Just why did he take on the challenge . That question on the latest edition of studio 1. 0. People are telling you blackberry is already dead. Yes. Why did you take this job . I think i flunked retirement. There are a whole bunch of reasons. I could give you a reason about it being iconic in the industry and its a great company, has a lot of technology, therefore i think theres a lot of potential all that is true. But that doesnt automatically answer the question why am i doing it. I started asking the chairman of the company. I was going to find a Management Team and formulate a strategy. I thought i was a little too old to run around the world and play cowboys. It, i find its hard to just guide. We really dont have a lot of another teamfind and then a person and think about the strategy and all that. We just kind of have to get it done. I decided to become the ceo. So youre not crazy . Im not crazy. Theres a lot of good potential here. We made a lot of progress in the last six months. Is this part of your personality, you like to feel needed, to fix things . Thats probably the negative part of my personality. Im a little paranoid of not being needed or wanted, i guess. No, i think its important what i do every day, i know it means something to people. History has been cruel to phone makers. What makesa you think you can change history . By not following the same plate. We are trying to broaden ourselves beyond a device. Think isit there and could make another really great phone and somehow everything will be well. You did vow to keep making phones. Of course. This is our strategy, and to and endtoend mobile computing. Have you ever had a single moment where you thought, what did i get myself into . Twice. Yes, i had. After the first 30 days i said im running against time on so many things. I did not dwell on it for too long. I start putting a plan together, recruit the team. That was once. I could feel when my mind starts feeling very focused. Right now im quite at ease with all the plans we are working on. Do not miss more of my interview with the blackberry ceo and executive chairman john chan tonight, 8 30 p. M. Eastern 1. 0. Vic on studio up next, nasas next giant leap took a step back today. It is 56 past the hour. Time for bloomberg tv to go on the markets. Im olivia sterns. Equity markets pulled back a little bit. S p and dow coming off their record high closes yesterday. Only slightly, the dow off by 12. 5 . Nasdaq down five points. All focused on the jobs report due out 8 30 a. M. Tomorrow. Youre watching bloomberg west. We focus on innovation, technology, and the future of business. 321, no go. Nasas test flight of the orion space craft is scrapped today. They will try again tomorrow. The mission is to launch an unmanned cap jewel 3600 miles above earth and see if it can withstand the extreme heat, with hopes to someday send humans to mars. At a cost of 370 million on the there is a lot riding on tomorrows flight. A former nasa deputy administrator is joining us. Cory johnson is still here as well. You have spoken out against the funding of this project. Why is that . My view is that nasa is doing and has done so many tremendous things over his history. We just talked about the jet engine being the biggest invention of the last century. I would add to that the satellite. We did a polo. This program apollo. This program is focusing too much of nasas limited resources on a purpose that does not provide that broader benefit. Forward, 60 billion, that would get you a vehicle further from earth than we have was since apollo, but that 50 years ago. We are doing this commercially billion tonding 3 get people to the space station using the private sector. Why would we be setting technology in place today, and using engines that are already trip to old, to go on a mars that is 20 years away and we dont have any of the resources to fulfill that over that period of time . I think its a mismatch of resources. Stepey say this is a towards landing on mars. How significant do you think it is . Is that an incorrect characterization . I do. Ive heard them say it is the first step to mars. We have rovers on mars. We have a space station where we are learning how to live and work in space, to get us further. This is a test of a flight that will go for four hours and go no further than certainly satellites we launch all the time on a commercial rocket we have launched many times, testing a heat shield which is very likely not to be used in 20 years when we actually go to mars. Of aink that Technology Heat shield would not advance in 20 years is not reality based. Nasa likes to launch things. This is something the contractors and politicians who sold this mission to the congress have decided they would like to proceed with, but its not something that in my view is the best use of mass resources. You make it sound like boys and their toys. What is it about launch that the private contractors like so much . These are dollars. This rocket contract was a couple hundred Million Dollars. These are taxpayer dollars. It is a bit like instead of focusing on the purpose, we focus on contracts. But that is a government program. Strong, andxtremely the inertia of this program especially in space. In space especially, it seems to be holding true on earth as well. Particularly in Silicon Valley theres a lot of talk about the legend of the side benefits of the Space Program and the other inventions that happen concurrent with the Space Program that helped private industry so much. I have always found this to be a little bit specious. I wonder, is there a difference in this kind of technology for this Orion Program that you think wont benefit raven Industry Private industry and innovation at large . Of course dollars spent at innovation. Its a question of balance and how much and where is the emphasis. A lot of this technology is Older Technology that we are piecing together to try to relive the glory days of apollo at a time that is quite different. We should be investing in benefits primarily and things like the jet engine and satellite were not spinoffs, they were what we chose to invest in. What are those things today that we can invest in . Communications, technologies that will help lower the cost and the operations cost of traveling to space and more people can experience it those are the kinds of things that will be more lasting that should be the focus of nasa today. At the same time, you have private companies in an aggressive race to space. Blue origin,d Richard Branson and Virgin Galactic should nasa be in competition with thes