YouthStream gets $25 million in funding

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YouthStream Media Networks, a company that develops promotional materials for marketers targeting college students on their campuses, has received $25 million in funding from J.& W. Seligman & Co., a high-tech investing concern through a purchase of about 1.2 million shares of common stock at $20.50 per share. The majority of the funding will be used for acquisition and continuing development of the mybytes.com site, an online college community developed by YouthStream.

Copyright August 1999, Crain Communications Inc.

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