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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: Steve Lee who started this subject5/3/2002 1:53:33 PM
From: Softechie  Read Replies (1) of 99280
 
Paul Allen to Sell Stake in USA Networks
By Michael Dunn
05/03/2002 11:24

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Microsoft MSFT co-founder Paul Allen has filed to sell his entire 19.95 million share stake in USA Networks USAI for $28.50 a share.

According to a filing with the Securities and Exchange Commission , Allen will sell the shares to various purchasers. Allen's planned sale price represents a discount to USA Networks' Thursday close of $29.35.

Shares of USA Networks were recently up 2.4% to $30.06.
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