Thomson Video Networks receives Harmonic acquisition offer

Thomson Video Networks has received a binding offer from Harmonic to acquire 100 per cent of Thomson Video Networks
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Thomson Video Networks, Harmonic

Thomson Video Networks has received a binding offer from Harmonic to acquire 100 per cent of Thomson Video Networks.

In reply to this offer, Harmonic has been granted exclusivity by Thomson Video Networks' shareholders while Harmonic secures adequate financing for the proposed transaction. The transaction is expected to close in Q1 2016, subject to French works council consultation process and the acceptance of Harmonic's acquisition offer by the shareholders of Thomson Video Networks, as well as receipt of regulatory approvals and other customary closing conditions.

The combination is intended to create a market leader in video delivery capitalising on both companies' solid foundations with their ‘premium video experience’ approach and their respective geographical, R&D and customer services capabilities.

www.thomson-networks.com

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