Harmonic has announced it has received “a binding offer” from MediaKind to acquire its video business segment for approximately $145 million in cash.
According to Harmonic, divesting its video business segment will accelerate the company’s long-term strategy by “sharpening its focus on growth priorities” in its broadband business.
Additionally, the sale will deliver a “healthy capital infusion” and further bolster Harmonic’s balance sheet, added the company.
“This strategic transaction will, if completed, advance the growth strategies of both companies,” said Nimrod Ben-Natan, president and chief executive officer of Harmonic.
“It would allow Harmonic to zero in on its core broadband segment, while ensuring the video business, its customers and dedicated employees become part of an organisation committed to the future of video delivery.”
MediaKind CEO Allen Broome added, “This combination would represent a meaningful step forward in our long-term strategy and reflect our commitment to supporting customers with enhanced product solutions. By joining Harmonic’s video business with MediaKind, we would strengthen our ability to invest across our entire portfolio, led by an expanded and complementary research and development platform that will significantly accelerate innovation.”
The transaction, which is expected to close in the first half of 2026, is subject to a French employee works council consultation process and customary closing conditions and regulatory approvals, said the company.
