Resurgens Could Get A Power Surge From This HookupBy
Although a small player in the $12 billion long-distance tele phone industry, Resurgens Communications Group may soon be joining the big leagues. The reason: Billionaire John Kluge, owner of privately held Metromedia Co., has snapped up a 28% interest in Resurgens in exchange for a $20 million loan he had extended the company in April. Now, the betting is that Kluge may buy a controlling interest in Resurgens and merge it with Metromedia Communications, a unit of Metromedia Co.
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