RealNetworks Makes Deal
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RealNetworks has agreed to buy a South Korean maker of software for selling music and ring tones on mobile phones for $350 million.
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SAN FRANCISCO (CBS.MW) -- NTL Inc. said late Wednesday that it has agreed to sell it broadcast business for 1.27 billion pounds ($2.46 billion) to a consortium led by Macquarie Communications Infrastructure Group.
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The deal, for $17.50 per share, continues a recent trend of networking and telecommunications firms being bought by private equity firms.
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RealNetworks seems to have had a very popular promotion in celebration of its new Harmony technology, which allows consumers to download songs bought at the RealPlayer Music Store and transfer them to popular portable devices, including iPods.
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If you go by the headlines alone, it sounds like RealNetworks (Nasdaq: RNWK) is about to embark on a heady money-losing venture as it halves prices for its music download service Harmony, looking to take a bite out of Apple ...
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RealNetworks could lose $2 million from below-cost sales -- but will give its service a huge boost,&quot; says Forrester Research analyst Rebecca Jennings.
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RealNetworks announced that it has sold 1 million songs in the week since beginning its half-price music promotion. Real dropped song pricing to 49-cents from 99-cents, in part to highlight its Harmony technology, which allows purchased songs to be played on over 70 digital media players including Apple's iPod. But Apple has chastised Real for what it calls "tactics and ethics of a hacker," and says future iPod software updates will likely break compatibility with Harmony.
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RealNetworks Inc. is teaming up with SanDisk Corp. to release a portable music player that more closely links with RealNetworks' Rhapsody online music service, in the latest attempt to take on Apple's iPod and iTunes stronghold.
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RealNetworks rolls out a media player with clip downloading functionality.
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Google Inc. has extended a  multi-year deal with RealNetworks Inc. to promote Google  software across Real's entertainment and multimedia products,  the companies said on Wednesday.
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Earlier this year RealNetworks came up with a workaround allowing music downloaded from its store to work on iPods. This was achieved by reverse-engineering Apple&#39;s FairPlay technology, and Real named it Harmony (see our previous coverage).
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A Hong Kong company has developed a virtual girlfriend for cell phones with video capability. Also: RealNetworks offers paid internet content & hellip;.Vodafone, Nokia team up to simplify mobile software & hellip;. and more.
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RealNetworks said on Thursday the  newest version of its digital music player would allow users to  save Internet video -- like those found on YouTube -- for  viewing at a later time.
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There were two more major announcements related to the mercurial mobile ringtone market, as media provider RealNetworks announced yesterday it's getting into the game, and a British telecom holdings company announced today the purchase of a US ringtone producer.
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RealNetworks hopes to carve a thicker slice of Apple's pie.
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Cisco Systems Inc. channel partners will be able to offer real-time monitoring of enterprises&#39; networks after the company agreed to acquire NetSolve Inc.
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RealNetworks has found another manufacturing partner to distribute devices that are compatible with its Rhapsody service, announcing Monday that iRiver would produce a new clix Rhapsody model.