RealNetworks trusts in Game Trust
RealNetworks said Thursday it would acquire Game Trust to capitalize on the company's social networking applications. Financial terms were not disclosed. RealNetworks expects the deal to close early in the fourth quarter. Game Trust, which is based in New York and has offices in Denmark, makes community gaming and commerce applications. Women's cable channel Lifetime, a syndication partner of RealNetworks will use the technology on its site, LifetimeTV.com. "Social networking is a critical next step for the casual games industry and for Lifetime," said Kris Soumas, the channel's vp of games.