Advertising

The Seattle Times Company

NWjobs | NWautos | NWhomes | NWsource | Free Classifieds | seattletimes.com

Business / Technology


Our network sites seattletimes.com | Advanced

Microsoft Pri0

Welcome to Microsoft Pri0: That's Microspeak for top priority, and that's the news and observations you'll find here from Seattle Times reporter Sharon Chan.

E-mail Sharon| RSS feeds Subscribe | Blog Home| Brier Dudley's Blog

October 10, 2006 2:36 PM

Hard bargaining at RealNetworks

Posted by Kim Peterson

RealNetworks said last month it was acquiring South Korean company WiderThan for $350 million. Today in a regulatory filing it revealed a little of the back-and-forth negotiating over the price, which ended up at $17.05 per common share.

According to the filing, representatives of Real and WiderThan talked by phone on Sept. 9, and WiderThan said it was not pleased with Real's original asking price of $16 per share. WiderThan was hoping for something more in the range of $17.50 a share.

Later, Real said it would go as high as $16.75 a share, but WiderThan was still angling for more, saying its board would not be able to accept such a low price. No deal was reached.

The following day, WiderThan said it would only consider offers above $17 per share. After more discussion, both sides settled on a price tag of $17.05 per share.

WiderThan helps carriers sell ringback tones and full-track music download services. Ringback tones are songs a person hears while waiting for a call to be answered.

Digg Digg | Newsvine Newsvine

Comments
No comments have been posted to this article.

Advertising

Marketplace

Advertising

Advertising

Categories
Calendar

May

Sun Mon Tue Wed Thu Fri Sat
          1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30
31            
Browse the archives

May 2009

April 2009

March 2009

February 2009

January 2009

December 2008

From the tech blogosphere