The merged companies, which will use the Motient name, will provide strategic and technical consulting, Web development, information architecture design, e-commerce system integration and other services, including Motient's eLink and Blackberry wireless e-mail products.
Each share of Rare Medium's outstanding common stock will be exchanged for one-tenth of a share of a new class of Motient preferred stock.
The company will remain headquartered in Reston. Rare Medium has a market cap of approximately $190 million. -- Adrienne Mand
Copyright May 2001, Crain Communications Inc.