Business
Harmonic Announces Pending Sale of Its Video Business to MediaKind
Strategic and transformative transaction would sharpen Harmonic's focus on its core Broadband business and advance its growth initiativesEnsures continued
About this update from Harmonic Inc.
[{"type":"text","content":"Strategic and transformative transaction would sharpen Harmonic's focus on its core Broadband business and advance its growth initiativesEnsures continued innovation and support for Harmonic Video customers under MediaKindAll cash transaction for approximately $145 millionConference call today, December 8, 2025, at 8:00 a.m. ETSAN JOSE, Calif., Dec. 8, 2025 /PRNewswire/ -- Harmonic (NASDAQ: HLIT), the worldwide leader in virtualized broadband and video delivery solutions, today announced it has received a binding offer from MediaKind, a global leader in cloud-based video streaming technology, to acquire its Video Business segment for approximately $145 million in cash. 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.\n \n \n \n \n \n \n \nThe proposed transaction would accelerate Harmonic's long-term strategy by sharpening its focus on growth priorities in its industry-leading virtualized Broadband business. Additionally, this divestiture would deliver a healthy capital infusion and further bolster Harmonic's balance sheet, providing the financial flexibility to better serve its expanding customer base and build shareholder value.\"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 organization committed to the future of video delivery. We are incredibly proud of our Video team's accomplishments and look forward to the next chapter of this business's growth under MediaKind.\"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. Together, we would create the leading independent streaming infrastructure company, giving custom...