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RealNetworks set to spin off games business
http://www.techconfidential.com/ money-out/ blog/ ipo/ shares-of-realnetworks-inc-rn...
Shares of RealNetworks Inc. [RNWK] were up 13% early in Friday's session after the company reported earnings Thursday night. In addition to besting earnings estimates, the company said it would spin off its casual games business and most likely taking the unit public. RealNetworks is best known for its Rhapsody music service and RealPlayer audio and video tool. RealArcade and GameHouse Web sites provides downloads for hundreds of games, including Scrabble, Monopoly and Wheel of Fortune. The site was built largely through acquisitions. The spinoff comes after the casual games unit passed the all-important six-figure threshold.
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