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excel

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excel

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Friday, 08/29/2003 10:32:07 AM

Friday, August 29, 2003 10:32:07 AM

Post# of 88
Loudeye raises $12.2 mln from private stock sale (LOUD) By Tomi Kilgore
NEW YORK (CBS.MW) -- Loudeye (LOUD) said it raised $12.15 million through the private placement of common stock with certain institutional investors. Under terms of the sale, the digital media distributor agreed to sell 7.8 million shares at $1.55 each. The in purchases of the stock will also be granted warrants to buy a total of 979,839 shares at $2 a share. The stock closed Thursday unchanged at $1.86.

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