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Technology Stocks : RRRR: Rare Medium Group (soon to be) formerly ICC -- Ignore unavailable to you. Want to Upgrade?


To: Mary Baker who wrote (687)5/10/1999 12:56:00 PM
From: Anaxagoras  Read Replies (2) | Respond to of 1150
 
Not too much new there that I see other than the increase to $85 M. One thing that's conspicuous by its absence is any talk of the second $75 M to up the investment to 40% ownership if Apollo so chooses. May mean nothing, but it's curious since other releases have made a big deal about it.

Anaxagoras



To: Mary Baker who wrote (687)5/10/1999 7:42:00 PM
From: Questerr  Respond to of 1150
 
Mary, what I find most interesting in the Yahoo release is the extent of Apollo's board membership involvement - this investment appears not to be passive. And since 1990, Apollo has invested about $10 billion altogether in different ventures, of which their investment in RRRR at $85 million represents almost 1% of all ventures funded for the last 9 1/2 years! That's not including of course, the other $75 million waiting in the wings!!! Maybe Leon knows a good investment when he sees one... : )