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Technology Stocks : XM Satellite Radio Holdings Inc. (XMSR) -- Ignore unavailable to you. Want to Upgrade?


To: kensusman who wrote (72)5/15/2001 7:50:41 PM
From: Sergio H  Read Replies (1) | Respond to of 3386
 
Well Ken, the merger surprised me. Sweet deal for MTNT as they'll be able to pay off about half of their debt.

Interesting observation from Money Daily:

<It's a small world, isn't it? There are only two satellite
radio companies licensed by the FCC, Sirius [SIRI] and XM
Radio [XMSR]. Premier private equity firm Apollo owns a
slug of Sirius -- and now, it looks like Apollo is going to
own some XM, too. Motient [MTNT], which owns 15 million
shares of XM, announced that it's acquiring Rare Medium
[RRRR] (cool ticker), in which Apollo owns stock>