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Paul Allen Triggers DreamWorks Animation Secondary Offering

Microsoft co-founder Paul Allen has exercised a right to force DreamWorks Animation to sell about 14 million shares to the public in a secondary offering following the Nov. 3 release of FLUSHED AWAY, reports BLOOMBERG NEWS.

The complicated move would not only dissolve Allens partnership with Steven Spielberg, Jeffrey Katzenberg and David Geffen, but also allow the Microsoft co-founder to benefit from the stock sale in the long run if the shares sell at a low price now.

Bill Desowitz's picture

Bill Desowitz, former editor of VFXWorld, is currently the Crafts Editor of IndieWire.