Announced
Completed
Financials
Tags
Single Bidder
United States
Acquisition
Domestic
Privatisation
Friendly
Majority
Public
artificial intelligence
Software
Completed
Synopsis
Greater Heights, an affiliate of RealNetworks' founder Robert D. Glaser, completed the acquisition of the remaining 61% stake of RealNetworks, an AI-powered digital media software and solutions, for $21m. "I founded RealNetworks 28 years ago because I believed that the Internet represented a once-in-a-generation transformational opportunity for digital media. I believe that Machine Learning-based Artificial Intelligence represents a similar transformational opportunity today, albeit one that will also take time and resources to fully realize. I'm happy that the RealNetworks Board and I could reach agreement on a path to pursue that transformation with focus, efficiency, and speed by turning Real back into a private company, and in a way that is fair to all shareholders," Robert D. Glaser, RealNetworks Founder, Chairman and CEO.
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