Video compression specialists Thomson Video Networks has received
a binding offer from Harmonic, delivery infrastructure group, to acquire
100 percent of Thomson Video Networks.
Thomson Video Networks Receives Harmonic's Acquisition Offer
|Video compression specialists Thomson Video Networks has received a binding offer fromHarmonicdelivery infrastructure group, to acquire 100 percent of Thomson Video Networks. Thomson states that the proposed transaction is in line with its strategy to accelerate development by giving the company greater global scale and resources needed to generate more value and continuous innovation.|
Consequently, 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 early 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 would result in considerable expertise in video delivery, capitalizing on both companies' foundations regarding their approach to the video experience and their respective geographical, R&D and customer services strengths. www.thomson-networks.com