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XM Satellite Radio, Shareholders Raise $530 Million in Offering

Authored by Mark Hefflinger on January 28, 2004 - 2:20am.
Washington, DC -- Giving itself a sizable cash cushion, XM Satellite Radio, the front-running provider of satellite radio in the U.S., said on Wednesday that it has closed its $530 million public offering. The company, itself, raised $185.5 million, selling 7 million shares at $26.50 each. Current shareholders sold the remainder.
http://biz.yahoo.com/prnews/040128/dcw041_1.html 
http://www.xmradio.com
tags: VC | Satellite Radio | XM | Offers | Shareholders |

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