Allen Divests Rest of USA Holdings


Charter Communications Inc. chairman and Microsoft Corp. cofounder Paul Allen
has agreed to sell the remainder of his holdings in USA Networks Inc. in various
transactions for a total of $568.7 million.

According to a Securities and Exchange Commission filing, Allen has agreed to
sell 19.95 million shares of USA stock to various private parties for $28.50 per
share. The filing stated that the sale is expected to close on or before May

Previously, Allen had sold 10 million shares of USA stock for prices between
$20 and $25.41 in separate transactions last November and August.

Allen acquired his initial interest in USA -- about 14.5 million shares --
after selling the company his holdings in Ticketmaster Group Inc. for $235.8
million in stock in 1997.