RealNetworks (RNWK) Adds GameTrust

RealNetworks is buying NY’s casual gaming site GameTrust, PaidContent reports. Price: “Less than $50 million.”  This is one of a series of casual games acquisitions by RealNetworks, which started focusing on the industry a few years ago. The company recorded $24.9 million in game revenue in its last quarter; music generated $36.8 million.

GameTrust had raised about $20 million in three rounds since 2002; investors include TWJ Capital, NJTC Venture Fund, Patriot Capital, CSK Ventures, Topspin Partners, Silicon Alley Venture Partners, Draper Associates and investor Elon Musk.

NOW WATCH: Tech Insider videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at

Tagged In

deals gaming sai-us