RealNetworks (RNWK) announces receipt of Unsolicited Proposal from Founder, Chairman and CEO Rob Glaser

  • May 10, 2022

POTENTIAL DEAL DETAILS

Stock RealNetworks, Inc. Symbol RNWK
Date Announced 05/09/2022 Source Press Release
Type Unsolicited Bid Acquiring Company/Person Greater Heights LLC
Date of Confirmation: 07/28/2022 Price at Confirmation: $0.58
Potential Profit: 3.57% Annualized Profit: 16.29%

RealNetworks, Inc. (RNWK), an emerging leader in AI-based software and solutions, announced that it has received an unsolicited, non-binding proposal from Robert Glaser, RealNetworks’ Founder, Chairman and Chief Executive Officer to acquire all of the outstanding shares of common stock of RealNetworks not currently owned by Mr. Glaser and his affiliates at a purchase price of $0.67 per share in cash, subject to certain conditions.

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