RealNetworks To Spin Off Its Game Business; May Do An IPO Of The New Company

RealNetworks will separate its global casual games business into an independent company and distribute shares of the newly created games company to its shareholders, it said. RealNetworks may precede the spin off with an IPO and sale of up to 20 percent of the shares of the new games company. This would happen by the end of this year, the company said.
It results in two “more flexible and focused companies. In addition, the separation will provide the games business with an industry-specific currency for future acquisitions and enhance its ability to attract and retain the best talent in the industry.” Also, it will result in lower complexity in understanding and tracking RealNetworks’ performance, the company said.
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