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ASHBURN, Va. — PSINet Inc. completed the sale of its transaction solutions unit to an investor group led by GTCR Golder Rauner LLC for about $277 million, plus an additional $10 million in escrow for possible adjustments.
PSINet said Wednesday that it will record a loss of $340 million on the sale of the unit, which will be treated as a discontinued operation for financial reporting purposes. The company agreed to sell the unit last month.
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