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.

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