XM Satellite to invest $25 mln in WorldSpace
Tuesday, July 19, 2005 at 11:40 AM
Tags: 2, XM
XM Satellite Radio has announced it would buy $25 million of stock in WorldSpace, which provides satellite radio services in Asia, Europe and Africa, extending the largest U.S. service’s international presence.
XM will also get warrants giving it the right to buy another $37.5 million in WorldSpace stock and an option to invest with WorldSpace and other partners in other countries around the world.
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