Harmonic has received a binding offer from MediaKind to acquire its Video Business segment for approximately $145 million in cash.
The transaction is expected to close in the first half of 2026, subject to regulatory approvals and consultation processes.
This strategic move will allow Harmonic to focus on its core Broadband business and strengthen its growth initiatives.
Pending Sale to MediaKind
MediaKind has made a binding offer to acquire Harmonic's Video Business segment for $145 million in cash.
Focus on Broadband Business
Harmonic aims to sharpen its focus on growth priorities within its virtualized Broadband business through this transaction.
Strategic Transaction Benefits
The sale would provide a capital infusion, enhance Harmonic's balance sheet, and support its customer base and shareholder value.
- The sale would accelerate Harmonic's long-term strategy by concentrating on its core business.
- It would enable increased investment in the Broadband segment and foster innovation in video delivery technology.
The pending sale of Harmonic's Video Business to MediaKind marks a strategic shift towards strengthening its core Broadband business and fostering long-term growth opportunities.