Geffen Purchases Shares in HSN
David Geffen, the music executive who helped form DreamWorks SKG, acquired about 4% of the Class B common stock of HSN Inc.
Geffen bought the shares, which have extra voting power, last week from an investment group that includes Roy Speer, the founder of Home Shopping Network Inc., according to records filed with the Securities and Exchange Commission. Geffen didn’t disclose the price that he paid.
HSN, based in St. Petersburg, Fla., was formed in December, when Silver King Communications Inc. completed its acquisition of Home Shopping through a stock swap. The combined companies changed their name to HSN.
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