RealNetworks announces plans to acquire WiderThan Co. Ltd.
September 14th, 2006 Leave a comment Visited 249 times, 1 so far today
RealNetworks announces plans to acquire WiderThan Co. Ltd.
Software Company RealNetworks Inc. has announced that they are planning to acquire South Korea-based mobile music services provider WiderThan Co. Ltd.
The deal is worth around $350 million. The news itself helped WiderThan at the stock exchange as its stock price went up by around 20 percent to $16.85 in after-hours trade.
The deal is expected to be complete in the first quarter of next year. Real said in a statement that they believe that this deal is likely to add to earnings in 2007 before acquisition-related charges.
They plan to keep the brand name intact after the acquisition and would be operating it as a wholly owned subsidiary. The workforce is also expected to remain as it is now.
- Comment help
- Get Livefyre
Today's Popular Posts
- Tyson Foods Enters Joint Venture in India (17 views)
- Honda CB Twister 110cc bike launched in India (16 views)
- Amazon launches Kindle Owners' Lending Library for Prime subscribers (16 views)
- Microsoft now targeting Huawei for Android related patent licensing (16 views)
- Tata Sumo Gold edition launched (15 views)
- Indian Oil launches XtraRewards loyalty card for their customers (14 views)
- Disney collaboration with YouTube for online video series (14 views)
- Hyundai India plans to launch 15 new or updated models in the next five years (14 views)
- Porsche Panamera now on sale in India (13 views)
- Chevrolet Beat is a crucial model for GM in India (13 views)
