Version: 2008

December 1, 1999 4:40 PM PST

Short Take: USA Networks increases CitySearch stake

USA Networks said it will invest an additional $40 million in Ticketmaster Online-CitySearch. With the investment, USA Networks will increase its stake in the company to 52 percent from 51 percent. Ticketmaster Online-CitySearch will increase its available cash to $93 million to use for investments and acquisitions.

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