XM Satellite to invest $25 mln in WorldSpace
Reuters
Tue Jul 19, 2005 8:22 AM ET
http://today.reuters.com/investing/financeArticle.aspx?type=mergersNews&storyID=2005-07-19T122229Z_01_WEN5061_RTRIDST_0_MEDIA-XM-URGENT.XML
NEW YORK, July 19 (Reuters) - XM Satellite Radio Holdings Inc. (XMSR.O:
Quote, Profile, Research) on Tuesday said it would buy $25 million of stock
in WorldSpace Inc., which provides satellite radio services in Asia, Europe
and Africa, extending the largest U.S. service's international presence.
XM will also get warrants giving it the right to buy another $37.5 million
in WorldSpace stock and an option to invest with WorldSpace and other
partners in other countries around the world.
================================
George Antunes, Political Science Dept
University of Houston; Houston, TX 77204
Voice: 713-743-3923 Fax: 713-743-3927
antunes at uh dot edu
Reply with a "Thank you" if you liked this post.
_______________________________________________
MEDIANEWS mailing list
[email protected]
To unsubscribe send an email to:
[EMAIL PROTECTED]
