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4-Traders Homepage  >  Shares  >  Nasdaq  >  RealNetworks Inc    RNWK

Delayed Quote. Delayed  - 08/31 04:00:00 pm
4.33 USD   +3.34%
08/05 REALNETWORKS : revenue slides 16 percent
08/05 REALNETWORKS : reports 2Q loss
08/05 REALNETWORKS : Announces Second Quarter 2015 Results
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REALNETWORKS : Completion of Acquisition or Disposition of Assets (form 8-K)

08/14/2015 | 04:15pm US/Eastern

Item 2.01. Completion of Acquisition or Disposition of Assets.

On August 10, 2015, RealNetworks, Inc. completed the sale of its Slingo and social casino games business, including its games studio based in Victoria, B.C. and the Slingo trademark and related game properties, to Gaming Realms plc, a U.K.-based company with securities listed on the London Stock Exchange. In connection with the closing, $10 million in cash was received by RealNetworks; the remaining $8 million of consideration will be paid in equal parts on each of the 12-month and 24-month anniversaries of closing, 50% of each such deferred payment may be received as stock of the purchaser, at the election of RealNetworks. Atul Bali, RealNetworks' President, Games, is eligible to receive from RealNetworks a one-time payment in connection with the sale of the company's Slingo and social casino games business. Mr. Bali currently serves as a non-executive director of Gaming Realms.

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