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To: Americo Burgos III who wrote (664)	4/15/1999 6:48:00 PM
From: TsioKawe	Read Replies (1) of 801

did you see this news today on RRRR?? NEW YORK, April 15 (Reuters) - Apollo Management, the investment firm headed by Leon Black, said Thursday that it agreed to invest $75 million in Internet services company Rare Medium Group Inc. <RRRR.O>. The deal will make Apollo the largest shareholder in Rare Medium with an ownership stake of about 25 percent on a fully diluted basis. Apollo said it also will receive warrants giving it the right to raise its stake in Rare Medium to 40 percent. The companies, in a joint statement, said they plan to shift Rare Medium from its current status as a provider of Internet services into a company that also acts as a venture capital firm providing funding to technology companies. Rare Medium shares were halted on Nasdaq ahead of the announcement at a price of $8 per share, off 1/4 on the session. 15:32 04-15-99 Copyright 1999 Reuters Limited. All rights reserved. Republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. All active hyperlinks have been inserted by AOL.

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