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Rare Medium, a New York-based i-shop and incubator, said Tuesday that it has agreed to provide up to $50 million on a short-term basis to Motient, a provider of primarily B2B two-way mobile and Internet communications services. Rare Medium reps said the deal may eventually ?facilitate a broader alliance between the two companies,? but that there is no assurance than any pact will occur.
?We have had constructive discussions with Motient regarding strategic alternatives,? said Glenn S.
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