VIENNA, Va.-Teligent Inc. said it raised $500 million in new capital through an investor group led by Microsoft Corp. and private equity firm Hicks, Muse, Tate & Furst Inc.
Other investors include Chase Capital Partners, DB Capital partners and Olympus Partners.
Both Microsoft and Hicks Muse will invest $200 million in Teligent convertible preferred stock due 2014 at a conversion price of $57.50 a share, giving them about 14-percent ownership in the company.
