RealNetworks Announces South Korean Antitrust Clearance for Acquisition of WiderThan
26 October 2006 - 9:00PM
PR Newswire (US)
SEATTLE, Oct. 26 /PRNewswire-FirstCall/ -- RealNetworks, Inc.
(NASDAQ:RNWK) announced today that it has received clearance from
the antitrust authorities in South Korea to consummate the tender
offer for all of the outstanding common shares and American
Depositary Shares of WiderThan Co., Ltd. (NASDAQ:WTHN). As
previously announced, RealNetworks' tender offer for WiderThan is
currently scheduled to expire at 12:00 midnight, New York City
Time, on Friday, October 27, 2006. The offer remains subject to
customary conditions, including a minimum tender requirement as
described in the tender offer statement on Schedule TO and Offer to
Purchase and related materials filed with the Securities and
Exchange Commission on September 29, 2006, as amended and
supplemented. For More Information Contact Press: Bill Hankes,
RealNetworks, 206-892-6614, Financial: Roy Goodman, RealNetworks,
206-674-2330, ABOUT REALNETWORKS RealNetworks, Inc. is a leading
creator of digital media services and software including
Rhapsody(R), RealPlayer(R) 10 and casual PC and mobile games.
Broadcasters, network operators, media companies and enterprises
use RealNetworks' products and services to create and deliver
digital media to PCs, mobile phones and consumer electronic
devices. Consumers can access and experience audio/video
programming and download RealNetworks' consumer software at
http://www.real.com/ . RealNetworks' systems and corporate
information are located at http://www.realnetworks.com/ . RNWK-F
Notice to Investors THIS PRESS RELEASE IS FOR INFORMATIONAL
PURPOSES ONLY AND IS NOT AN OFFER TO BUY OR THE SOLICITATION OF AN
OFFER TO SELL ANY SECURITIES. THE SOLICITATION AND THE OFFER TO BUY
WIDERTHAN COMMON SHARES AND AMERICAN DEPOSITARY SHARES IS MADE
PURSUANT TO THE TENDER OFFER STATEMENT, THE OFFER TO PURCHASE AND
RELATED MATERIALS THAT REALNETWORKS FILED WITH THE SECURITIES AND
EXCHANGE COMMISSION ON SEPTEMBER 29, 2006. WIDERTHAN SHAREHOLDERS
AND OTHER INVESTORS SHOULD READ THE TENDER OFFER STATEMENT, THE
OFFER TO PURCHASE AND RELATED MATERIALS CAREFULLY BECAUSE THEY
CONTAIN IMPORTANT INFORMATION, INCLUDING THE TERMS AND CONDITIONS
OF THE TENDER OFFER. WIDERTHAN SHAREHOLDERS AND OTHER INVESTORS CAN
OBTAIN COPIES OF THE TENDER OFFER STATEMENT ON SCHEDULE "TO", THE
OFFER TO PURCHASE AND RELATED DOCUMENTS WITHOUT CHARGE FROM THE
SECURITIES AND EXCHANGE COMMISSION THROUGH THE COMMISSION'S WEB
SITE AT WWW.SEC.GOV . SHAREHOLDERS AND OTHER INVESTORS ARE URGED TO
READ CAREFULLY THOSE MATERIALS PRIOR TO MAKING ANY DECISIONS WITH
RESPECT TO THE OFFER. DATASOURCE: RealNetworks, Inc. CONTACT:
media, Bill Hankes +1-206-892-6614, or , or financial, Roy Goodman,
+1-206-674-2330, or , both of RealNetworks, Inc. Web site:
http://www.realnetworks.com/
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