DreamWorks Animation SKG said Tuesday that Microsoft co-founder Paul Allen has sold about 2.4 million shares of DreamWorks’ common stock for about $75 million.
Allen’s entity DW Investment II sold the stock for $31.06 per share, according to a regulatory filing. With the latest sale, Allen has cut his stake in the animated filmmaker below 5 million shares. Allen in August reduced his stake from 21 million shares to nearly 7 million shares and resigned from the company’s board.
