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

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Louis Riley who wrote (332)	4/23/1999 11:37:00 AM
From: Rajiv	of 1150

If he says he intends to pony up the cash, he will. Rather, he has. Where do you think they got the $ to buy LiveUniverse.com? << ...Terms of the transaction were not available, but it is the first deal for Rare Medium since it received an infusion of $75 million from investment firm Apollo Management last week.... >> RRRR has not got the 75 million. If they have already got the money, they would have revealed the exact terms of the deal. The clip that you have quoted is from a third party news source who has obviously made a mistake. Read the company press release - This is the first deal Rare Medium Group (RMGI) has announced since signing a letter of intent last week with Apollo Management under which affiliates of Apollo plan to invest $75 million of equity into Rare Medium. That transaction is intended to transform Rare Medium into a one-stop provider of venture capital, Internet solutions and professional services. As for the question of how they have funded the acquisition, have you looked at the # of acquisitions it has announced/closed this year. There are several small acquisitions. I am assuming that the LiveUniverse.com will be a all stock deal. Regards. Rajiv

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next