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Re: MGTY1 post# 1560

Monday, 03/08/2010 10:32:35 AM

Monday, March 08, 2010 10:32:35 AM

Post# of 4759
About XM and WorldSpace Gets $25 Million From XM; $140 Million IPO
Jul 19, 2005 1:09 PM ET

WorldSpace, which provides satellite-based digital radio services in Asia, Europe and Africa, is raising about $147 million in its IPO. It has raised the expected price of its planned share price to $18 to $20 per share, from $16 to $18.

The Washington D.C-based company also said in filing that XM Satellite Radio would buy $25 million of its stock. XM will also get warrants for the right to buy another $37.5 million in WorldSpace stock.
http://paidcontent.org/article/worldspace-gets-25-million-from-xm-140-million-ipo/

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