RealNetworks Inc. (RNWK) announced Thursday morning that it signed an agreement to sell a significant number of its patents and its next generation video codec software to Intel (INTC) for $120 million.
RealNetworks gapped open higher Thursday and has continued to rise in early trade. The stock is now up 2.47 at $9.82, with volume at over a 4-month high. RealNetworks has broken out to a 3-month high and has re-crossed its 50-day moving average.
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