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Allen Unloads More DreamWorks Shares
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Microsoft (MSFT Quote) co-founder Paul Allen bailed further out of his stake at DreamWorks Animation (DWA Quote), according to regulatory filings released Tuesday.
Allen sold about 2.4 million shares of DreamWorks for roughly $75 million. He made the sale last week through DW Investment II, an entity he formed for his holdings in the company, according to a filing with the Securities & Exchange Commission.
The latest sale reduces Allen's remaining stake in the company to less than 5 million shares. In August, Allen cut his stake in DreamWorks from 21 million shares to nearly 7 million shares and resigned from the company's board of directors. ...
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