View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
September 29, 1997updated 03 Sep 2016 6:59pm

PROGRESSIVE NETWORKS FILES FOR IPO

By CBR Staff Writer

Audio and video streaming company Progressive Networks Inc has filed for an initial public offering, and changed its name to RealNetworks Inc, to fit in with the name of its RealAudio and RealVideo products. The IPO filings showed that Microsoft Corp had invested $30m in the company last July for a 10% stake, and holds warrants that could see the stake upped to 23% (CI No 3,208). The investment has become a sensitive one as it is part of Microsoft’s surge of video streaming interests which triggered a Department of Justice anti-trust investigation. Iridium LLC, Motorola Inc’s satellite-based mobile communications venture has launched five more satellites into orbit, bringing the number to 34, more than half of its planned network of 66 satellites. The satellites were launched from the Vandenberg Air Force base in California, on a Delta rocket by Boeing Space Systems. The global mobile phone, data, and fax service is to come into service by mid 1998.

Content from our partners
Rethinking cloud: challenging assumptions, learning lessons
DTX Manchester welcomes leading tech talent from across the region and beyond
The hidden complexities of deploying AI in your business

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU