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Microsoft Sells 6.5M Ticketmaster Stock | |
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| Time: 05:16 EST/10:16 GMT | News Source: E-Mail | Posted By: Byron Hinson | ||
|
Microsoft Corp. sold 6.5 million shares in Ticketmaster over the past year, cutting its stake in the biggest U.S. ticketing agency to 5 percent. Microsoft sold the Class B shares in a series of privately negotiated transactions between late November 2001 and Nov. 1, 2002, for an average $21.19 each, according to a Thursday filing with the Securities and Exchange Commission. Microsoft ranks as Ticketmaster's second-largest shareholder behind USA Interactive, Barry Diller's Internet company. | ||
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