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RESTON, Va. — Motient Corp. signed an agreement Monday to acquire Rare Medium Group Inc., an Internet consulting and investing company, in a complex stock deal valued at about $183 million.
Motient said under the agreement, each Rare Medium outstanding common share will be exchanged for one-tenth of a share of a new class of Motient preferred stock. Each whole share of the new preferred stock will be convertible into 6.4 shares of Motient common stock.
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