RRRR: Rare Medium Group (soon to be) formerly ICC Message Board

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Technology Stocks : RRRR: Rare Medium Group (soon to be) formerly ICC

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To: Anaxagoras who wrote (249)	4/22/1999 9:06:00 PM
From: Louis Riley	Read Replies (2) of 1150

<< "...This is among the largest single private equity investments ever made in an Internet company by one investor. Following the closing, Apollo will be Rare Medium's largest single shareholder with an ownership stake of approximately 25% on a fully diluted basis. As part of the transaction, Apollo is expected to have the ability to increase its position to approximately 40% through the exercise of warrants that have the potential to bring an additional $75 million of capital into the company...." >> Just so you shorts know who you are up against: I found this bio from a left wing rag most humorous, BTW.: << Mother Jones 400 April 1996 305. Leon D. Black Age: 44 State and Town New York, N.Y. Total Donated $60,000. Party D Black, who works for Apollo Advisors, used to head Drexel Burnham Lambert's mergers and acquisitions department. He once declared his purpose in life was to create the robber barons of the future. Black was one of Michael Milken's cronies who got off almost scot-free. Legislation sponsored by Rep. Jack Fields (R-Texas) abolishes the Williams Act, the anti-fraud law used to prosecute Ivan Boesky and Milken. It and other GOP proposals could revive the leveraged-buyout hysteria of the 1980s. >> thestandard.net global.forbes.com

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