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georgie18

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georgie18

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Tuesday, 08/25/2020 6:50:27 AM

Tuesday, August 25, 2020 6:50:27 AM

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RNWK...$1.50...in the P/M...SEATTLE, Aug. 24, 2020 /PRNewswire/ -- RealNetworks, Inc. (Nasdaq: RNWK) today announced its support for the acquisition of Rhapsody International, Inc., which does business as Napster, by MelodyVR Group PLC. RealNetworks is the majority owner of Napster, with an approximate 84% stake. MelodyVR Group PLC, the leading creator of live virtual reality music experiences, intends to combine its MelodyVR subsidiary with Napster to create a new differentiated entity. The acquisition is expected to close in the fourth quarter of 2020.

https://www.otcmarkets.com/stock/RNWK/news/story?e&id=1677154

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