RealNetworks to Acquire Listen.com

RealNetworks to Acquire Listen.com

RealNetworks, Inc. has entered into a definitive agreement to acquire Listen.com, Inc. in a cash and stock transaction valued at approximately $36 million (wow!). With this acquisition, RealNetworks will own two Internet subscription content services, the RealOne SuperPass, which offers news, sports, and entertainment programming, and the RHAPSODY music service. Listen.com’s RHAPSODY subscription service, music and artist information, and radio service will be important assets in building the music offerings of RealNetworks’ RealOne subscription service. In addition, Listen.com’s distribution arrangements and technology partnerships with broadband cable and DSL providers, online music sites, computer manufacturers and consumer electronics companies will enhance the reach of RealNetworks’ subscription offerings. Listen.com has distribution agreements with a network of more than 15 companies, including Time Warner Cable’s Road Runner high-speed ISP, Charter Communications, Verizon Online, Sprint, Cablevision Systems Corporation’s Optimum Online, Gateway, Lycos, RCN Corporation, and Sony’s Musiclub.

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