Tuesday November 10, 6:54 pm Eastern Time
Microsoft's Allen seeks to unload 2 mln shares
WASHINGTON, Nov 10 (Reuters) - Paul Allen, the co-founder of software giant Microsoft Corp. (Nasdaq:MSFT - news), could raise over $200 million in a proposed sale of 2 million Microsoft common shares, a Securities and Exchange Commission filing said.
The proposed sale would have taken place around Nov. 5 through Alex. Brown & Sons in San Francisco, according to Allen's form 144 filing with the SEC.
That document notifies the agency of an intent to sell stock but does not obligate a sale. It also sometimes shows actual sales that have gone through.
It was not immediately known if the 2 million shares were actually sold. But Allen's filing showed that from Aug. 3 through Oct. 30 he sold 12,380,000 shares worth about $1.4 billion.
Allen's past stock sales have been characterized as a routine part of portfolio diversification. He owns and invests in a number of companies exploring the potential of multimedia digital communications, Microsoft's proxy filed on Sept. 24 with the SEC said.
He also owns the NBA's Portland Trail Blazers and the NFL's Seattle Seahawks, is a partner in the entertainment studio DreamWorks SKG and holds investments in more than 50 new media companies, the proxy added.
Allen beneficially owned 144,851,948 shares, or 5.8 percent, as of Sept. 11, based on about 2 billion shares outstanding as of that date, the regulatory document showed.
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