[USA NETWORKS INC LOGO]


                                                                EXHIBIT 99.2



               USA NETWORKS, INC. ANNOUNCES FINAL EXCHANGE RATIOS
                          IN EXPEDIA, INC. TRANSACTION

         NEW YORK, NY (February 7, 2002) - USA Networks, Inc. (NASDAQ: USAI)
today announced the final exchange ratios in connection with its acquisition of
a controlling interest in Expedia, Inc. (NASDAQ: EXPE), which was completed on
February 4, 2002. The final exchange ratios, which became available after close
of market on February 6, 2002, confirm the number of shares of USA common stock,
shares of USA cumulative convertible preferred stock and USA warrants issued in
the transaction.

In the transaction, holders of 34.5 million Expedia shares elected to receive a
package of USA securities in exchange for their Expedia shares. This brings
USA's ownership of Expedia to 64.2% of the 53.7 million basic shares outstanding
and 94.9% of the voting interest. Each electing Expedia share was exchanged for
0.596582 shares of USA common stock, 0.380232 shares of USA cumulative
convertible preferred stock, 0.4229 USA warrants and cash in place of any
fractional shares and warrants. USA issued, in aggregate, 20.6 million shares of
USA common stock, 13.1 million shares of USA cumulative convertible preferred
stock and 14.6 million USA warrants. The USA cumulative convertible preferred
stock trades on OTC under the symbol "USAIP" and the USA warrants trade on
Nasdaq under the symbol "USAIW."


ABOUT USA NETWORKS, INC.
------------------------

USA Networks, Inc. (Nasdaq: USAI), to be renamed USA Interactive upon close of
its pending transaction with Vivendi Universal, is organized into two groups,
the Interactive Group and the Entertainment Group. The Interactive Group
consists of Expedia, Inc. (Nasdaq: EXPE), Home Shopping Network (including HSN
International and HSN Interactive); Ticketmaster (Nasdaq: TMCS), which operates
CitySearch and Match.com; Hotel Reservations Network (Nasdaq: ROOM); Electronic
Commerce Solutions; Styleclick; and Precision Response Corporation. The
Entertainment Group consists of USA Cable, including USA Network, SCI FI
Channel, TRIO, Newsworld International, and Crime; Studios USA, which produces
and distributes television programming; and USA Films, which produces and
distributes films. On December 17, 2001, USA and Vivendi Universal announced a
transaction in which the assets of the Entertainment Group would be contributed
to Vivendi Universal Entertainment, a new joint venture.


                                      # # #

Contacts:      USA Communications:             USA Investor Relations:
               Ron Sato                        Roger Clark/Lauren Rosenfield
               212/314-7254                    212/314-7400