On August 1, 2014, Xavier Niel's Iliad SA publicly announced a US $ 16 billion all-cash counter-bid to acquire a 56 % stake in T-Mobile US, which would be funded using equity and debt.
12.
These cash counters do not examine each note or coin separately but work by using finely calibrated loadcells to assess a number of notes or coins at a time, and using a constantly updated, stored average weight to compute the number of pieces it has been presented with.