|Bid||0.00 x 1100|
|Ask||0.00 x 1000|
|Day's Range||3.0200 - 3.1000|
|52 Week Range||1.8000 - 3.9100|
|Beta (3Y Monthly)||1.02|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
RealNetworks Inc. said Tuesday it has doubled its stake in Napster, in a deal that could be worth up to $40 million. After receiving approval from the Treasury Department's office of Foreign Assets Control, RealNetworks acquired the debt and equity interests in Rhapsody International, which does business as Napster, from Rhapsody Applebee LLC, which is managed by Columbus Nova Technology Partners. The deal increases RealNetworks's stake in Napster to 84% from 42%. Under terms of the deal, RealNetworks will pay $1 million in cash, and an additional $14 million over time subject to certain conditions, with additional consideration depending on subsequent events, that could total up to $40 million. RealNetworks said Napster has reported five-straight quarters of positive operating income. "This success was achieved by pivoting to a B2B strategy focused on selling the Napster platform as a service," said RealNetworks Chief Executive Rob Glaser. "We think Napster's future is very bright." The stock, which was still inactive in premarket trade, has soared 38% over the past three months, while the S&P 500 has lost 3.1%.
We often see insiders buying up shares in companies that perform well over the long term. Unfortunately, there are also plenty of examples of share prices declining precipitously after insiders Read More...
In 2012 Rob Glaser was appointed CEO of RealNetworks Inc (NASDAQ:RNWK). First, this article will compare CEO compensation with compensation at similar sized companies. After that, we will consider the Read More...
On a per-share basis, the Seattle-based company said it had a loss of 16 cents. The software and service provider for digital entertainment companies posted revenue of $17.6 million in the period. For ...
SEATTLE (AP) — Facial recognition technology is being used to increase security at one Seattle school, but the technology is fueling debate about privacy concerns.
On a per-share basis, the Seattle-based company said it had a loss of 18 cents. The software and service provider for digital entertainment companies posted revenue of $15.7 million in the period. For ...
RealNetworks Inc (NASDAQ:RNWK) files its latest 10-K with SEC for the fiscal year ended on December 31, 2017.