RealNetworks Acquires Xing, Joins IBM
Last week, <A HREF="http://www.real.com">RealNetworks</A> announced that it has signed a definitive agreement to acquire privately held <A HREF="http://www.xing-tech.com">Xing Technology</A>, a developer and provider of MP3 software. Xing has been developing standards-based digital audio and video encoding and decoding technology since 1990, but eventually ran into trouble competing with other Internet-audio startups such as RealNetworks and Liquid Audio.