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RealNetworks CEO Rob Glaser To Invest $10M Into The Company

RealNetworks, Inc. (NASDAQ:RNWK), a leader in digital media software and services, today announced that it has entered into a private placement agreement with Rob Glaser, the Company's Founder, Chairman of the

Benzinga · 02/10/2020 14:04

RealNetworks, Inc. (NASDAQ:RNWK), a leader in digital media software and services, today announced that it has entered into a private placement agreement with Rob Glaser, the Company's Founder, Chairman of the Board, Chief Executive Officer, and largest shareholder. Pursuant to the agreement, Mr. Glaser will acquire approximately 8 million shares of RealNetworks Series B Preferred Stock, par value $0.001 per share, for aggregate gross proceeds to the Company of approximately $10 million. The price per share is the same price that the Company's shares closed at on Friday, February 7th.