Juneteenth set to become federal holiday Loki's hidden detail in credits Ant-Man 3 Best early Prime Day deals 12 big Prime Day deals IRS child tax credit portal opens

Short Take: OmniSky staked $75 million

News Corp. and PSINet today took a $75 million stake, $60 million and $15 million respectively, in OmniSky. OmniSky offers Internet services for cell phone users and operates a portal that develops those features, available to users of AT&T's wireless services. Also today, OmniSky and New Corp. agreed to an alliance to explore international strategies based on OmniSky and seek to develop high-speed Internet services.

News Corp. and PSINet today took a $75 million stake, $60 million and $15 million respectively, in OmniSky. OmniSky offers Internet services for cell phone users and operates a portal that develops those features, available to users of AT&T's wireless services. Also today, OmniSky and New Corp. agreed to an alliance to explore international strategies based on OmniSky and seek to develop high-speed Internet services.