Wednesday, February 27, 2008

RealNetworks could use cash to pursue M&A - research report

RealNetworks Inc., a Seattle, Washington-based digital media company, could pursue acquisitions with cash, Bear Stearns said on 27 February.
"Real has ~USD 3.15/share in net cash," said Kunal Madhukar, Bear Stearns' digital media analyst, in a research report focusing on developments at management meetings held yesterday. "Uses of cash include potential acquisitions especially if valuations become more attractive in a weakened economic environment, as well as to ensure major partners (like Verizon) are comfortable with liquidity. However, share buybacks remain an alternative use of funds."
Real's market cap is USD 900.7m.


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