RealNetworks

RealNetworks doubles Napster investment to become 84% owner by acquiring debt and equity interests in Rhapsody International which trades as ‘Napster’. Following the transaction, RealNetworks has become the majority owner of Napster, with approximately 84% of outstanding stock, up from RealNetworks’ previous stake of approximately 42%. RealNetworks has committed to pay $1 million cash up front and an additional $14 million over time subject to certain conditions, with additional consideration depending on subsequent events. A […]