Microsoft Corporation today announced that it was immediately selling its minority position in RealNetworks, makers of the RealAudio and RealVideo media programs for the Web. The two companies recently had a falling out when RealNetworks CEO Rob Glaser erroneously testified that Microsoft's Media Player purposefully disabled his company's products. Microsoft later proved that Glaser's comments were false.
"Microsoft and RealNetworks are each developing exciting technologies, but the rapid pace of innovation and our competing visions for streaming media means our investment in RealNetworks no longer makes sense," said Greg Maffei, Microsoft's CFO. "RealNetworks will continue to be an effective developer for Windows as well as an effective competitor."
In other words, smooth move Rob