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SPORTSLINE PRICES SECONDARY OFFERING OF 4 MILLION SHARES

          SportsLine USA announced that its secondary public
     offering of four million shares of common stock was priced
     at $37.625 per share.  Of the shares being offered,
     2,288,430 shares are being offered by SportsLine and
     1,711,570 shares are being offered by selling shareholders. 
     Net proceeds are expected to be approximately $81M.
     SportsLine also has granted the underwriters an option to
     purchase 600,000 shares of common stock to cover over-
     allotments, if any.  Underwriters include BancAmerica
     Robertson Stephens, NationsBanc Montgomery Securities,
     PaineWebber Inc. and Salomon Smith Barney.  SportsLine plans
     to use the net proceeds from the offering for working
     capital and other corporate purposes, including expansion of
     its marketing and ad sales efforts, content development and
     licensing, international expansion, capital expenditures and
     potential acquisitions of or investments in complementary
     businesses, products and technologies (SportsLine USA).

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Related Topics:

Finance, Salomon Smith Barney

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