RealNetworks Secures 99% of WiderThan Shares; Extends Subsequent Offering Period of Tender Offer
November 13 2006 - 12:01AM
PR Newswire (US)
SEATTLE, Nov. 13 /PRNewswire-FirstCall/ -- RealNetworks, Inc.
(NASDAQ:RNWK) today announced that it will extend the subsequent
offering period for its tender offer to purchase up to all of the
issued and outstanding common shares and American Depositary Shares
of WiderThan Co., Ltd. (NASDAQ:WTHN) at a price of $17.05 per
common share and per ADS. The subsequent offering period is now
scheduled to expire at 12:00 midnight, New York City time, on
Friday, November 24, 2006. As of midnight, New York City time, on
Friday, November 10, 2006, an aggregate of 2,840,329 common shares
and 16,761,934 ADSs, together representing approximately 99% of the
outstanding common shares of WiderThan, including common shares
underlying tendered ADSs, were validly tendered and accepted for
payment. The tender offer was made pursuant to the Offer to
Purchase and Letter of Transmittal, each filed with the Securities
and Exchange Commission on September 29, 2006, as amended and
supplemented. The purpose of the subsequent offering period is to
enable holders of WiderThan common shares and ADSs who have not yet
tendered their common shares and ADSs to participate in the offer
and receive $17.05 net per common share and per ADS on an expedited
basis. RealNetworks will pay for any common shares and ADSs
tendered in the subsequent offering period promptly after such
common shares and ADSs are validly tendered. Common shares and ADSs
that are properly tendered, whether before or after the
commencement of the subsequent offering period, may not be
withdrawn during the subsequent offering period, pursuant to Rule
14d-7(a)(2) under the Securities and Exchange Act of 1934, as
amended. All other terms and conditions of the offer remain the
same, as set forth in the tender offer materials disseminated by
RealNetworks, as amended and supplemented. Notice to Investors THIS
PRESS RELEASE IS FOR INFORMATIONAL PURPOSES ONLY AND IS NOT AN
OFFER TO BUY OR THE SOLICITATION OF AN OFFER TO SELL ANY
SECURITIES. THE SOLICITATION AND THE OFFER TO BUY WIDERTHAN COMMON
SHARES AND AMERICAN DEPOSITARY SHARES IS MADE PURSUANT TO THE
TENDER OFFER STATEMENT, THE OFFER TO PURCHASE AND RELATED MATERIALS
THAT REALNETWORKS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION
ON SEPTEMBER 29, 2006, AS AMENDED AND SUPPLEMENTED. WIDERTHAN
SHAREHOLDERS AND OTHER INVESTORS SHOULD READ THE TENDER OFFER
STATEMENT, THE OFFER TO PURCHASE AND RELATED MATERIALS CAREFULLY
BECAUSE THEY CONTAIN IMPORTANT INFORMATION, INCLUDING THE TERMS AND
CONDITIONS OF THE TENDER OFFER. WIDERTHAN SHAREHOLDERS AND OTHER
INVESTORS CAN OBTAIN COPIES OF THE TENDER OFFER STATEMENT ON
SCHEDULE 'TO', THE OFFER TO PURCHASE AND RELATED DOCUMENTS WITHOUT
CHARGE FROM THE SECURITIES AND EXCHANGE COMMISSION THROUGH THE
COMMISSION'S WEB SITE AT WWW.SEC.GOV. SHAREHOLDERS AND OTHER
INVESTORS ARE URGED TO READ CAREFULLY THOSE MATERIALS PRIOR TO
MAKING ANY DECISIONS WITH RESPECT TO THE OFFER. RNWK-F ABOUT
REALNETWORKS RealNetworks, Inc. is a leading creator of digital
media services and software including Rhapsody(R), RealPlayer(R) 10
and casual PC and mobile games. Broadcasters, network operators,
media companies and enterprises use RealNetworks' products and
services to create and deliver digital media to PCs, mobile phones
and consumer electronic devices. Consumers can access and
experience audio/video programming and download RealNetworks'
consumer software at http://www.real.com/. RealNetworks' systems
and corporate information are located at
http://www.realnetworks.com/. DATASOURCE: RealNetworks, Inc.
CONTACT: Press: Bill Hankes, +1-206-892-6614 or , or Financial: Roy
Goodman, +1-206-674-2330 or , both of RealNetworks; Press: Melissa
Mirabile of Fleishman-Hillard, +1-914-841-5180 or , for WiderThan;
or Financial: Tania Almond of WiderThan, +1-571-521-1080 or Web
site: http://www.realnetworks.com/
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