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Levi & Korsinsky, LLP has commenced an investigation into the fairness of the merger of RealNetworks, Inc. (“RealNetworks” or the “Company”) (NASDAQ: RNWK) with and into Greater Heights LLC, an affiliate of the Company’s founder, Chairman, and Chief Executive Officer, Robert D. Glaser. Mr. Glaser, together with his affiliates, currently owns approximately 39% of the outstanding shares of RealNetworks’s stock. Under the terms of the deal, each outstanding share of common stock of RealNetworks will be converted into the right to receive cash consideration of $0.73 per share.
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