Motient Corporation and Rare Medium Group to Merge

“RESTON, Va., and NEW YORK, May 14 /PRNewswire/ — Motient Corporation (Nasdaq: MTNT) and Rare Medium Group (Nasdaq: RRRR) today announced the signing of a definitive merger agreement through which Motient will acquire 100 percent of Rare Medium Group using a combination of newly issued Motient stock, shares of XM Satellite Radio stock (Nasdaq: XMSR) owned by Motient and certain other considerations.”

Read the full text of the press release here. I have absolutely no comment right now.