RealNetworks seeks cash injection

Stefanie Olsen Staff writer, CNET News
Stefanie Olsen covers technology and science.
Stefanie Olsen
RealNetworks, a maker of software for digital media, said Wednesday that it plans to sell convertible notes worth about $100 million in order to raise cash for general corporate purposes, buyouts and other strategic transactions, such as joint ventures.

The zero-coupon subordinated notes, which will be sold to institutional buyers, are due in 2010. Seattle-based RealNetworks said it expects to grant the initial purchaser an option to buy another $10 million in notes.