SHAREHOLDER ALERT: Weiss Law Investigates RealNetworks, Inc.

Provided By PR Newswire

Last update: Jul 29, 2022

NEW YORK, July 29, 2022 /PRNewswire/ -- Weiss Law is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of RealNetworks, Inc. ("RealNetworks" or the "Company") (NASDAQ: RNWK), in connection with the proposed merger of the Company with Greater Heights LLC, an affiliate of the Company's founder, Chairman and CEO, Robert D. Glaser. Under the terms of the merger agreement, the Company's shareholders will receive $0.73 in cash for each share of RealNetworks common stock owned. Mr. Glaser, together with his affiliates, currently owns approximately 39% of the outstanding shares of RealNetworks.