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Microsoft takes 15.4 pct stake in USA Networks | |
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| Time: 00:00 EST/05:00 GMT | News Source: Reuters | Posted By: Robert Stein | ||
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Microsoft Corp. on Thursday said it had acquired a 15.4 percent share of USA Networks Inc. after finalizing the sale of its stake in online travel firm Expedia Inc., according to a regulatory filing. In the filing with the Securities and Exchange Commission, Microsoft said it had more than 53 million shares in USA Networks. USA Networks had postponed the Expedia purchase while it prepared to sell some entertainment assets to French media giant Vivendi Universal. | ||
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