Charter tried to sell itself before going bankrupt- adviser
| Charter, which is controlled by Microsoft Corp (MSFT.O) co-founder Paul
| Allen, filed for bankruptcy protection in March, buckling under the weight of
| $21.7 billion in debt, but said at the time it had reached agreements with
| key stakeholders that would allow it to exit bankruptcy in a matter of
Allen to sell Charter shares
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| Charter officials have said that Allen, co-founder of Microsoft Corp.
| (NASDAQ: MSFT) and owner of the Portland Trail Blazers, will retain 35
| percent voting control of the company, down from 91 percent. And his 51
| percent stake in shares will drop to 3 percent.
| Charter filed for Chapter 11 bankruptcy Friday in an effort to reduce its $21
| billion debt by $8 billion.
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