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Harmonic Announces Pending Sale of Its Video Business to MediaKind
Prnewswire· 2025-12-08 12:35
Core Viewpoint - Harmonic has received a binding offer from MediaKind to acquire its Video Business segment for approximately $145 million in cash, which is expected to close in the first half of 2026, subject to regulatory approvals and employee consultation processes [1][2][3] Group 1: Transaction Details - The proposed acquisition is valued at around $145 million in cash [1][7] - The transaction is anticipated to close in the first half of 2026, pending regulatory approvals and a consultation process with the French employee works council [1][2] - Harmonic's Video Business will be integrated into MediaKind, which aims to enhance its product solutions and innovation capabilities [3][7] Group 2: Strategic Implications - This divestiture will allow Harmonic to sharpen its focus on its core Broadband business and growth priorities [2][3] - The transaction is expected to provide a significant capital infusion, improving Harmonic's balance sheet and financial flexibility [2][3] - MediaKind's acquisition of Harmonic's Video Business is seen as a strategic move to strengthen its position in the video delivery market and enhance its research and development capabilities [3][7] Group 3: Company Background - Harmonic is recognized as a leader in virtualized broadband and video delivery solutions, enabling high-quality video streaming and broadcast services globally [6][8] - MediaKind is a prominent player in the video technology landscape, serving over 2,000 global service providers and content owners [9]
Harmonic Announces Reporting Date for Third Quarter 2025 Results
Prnewswire· 2025-10-13 22:30
Core Viewpoint - Harmonic is set to release its third quarter 2025 financial results on November 3, 2025, and will host a live webcast to discuss these results [1]. Group 1: Financial Results Announcement - The financial results will be released after market close on November 3, 2025 [1]. - A live webcast to discuss the results is scheduled for 2:00 p.m. PT on the same day [1]. - Participants can register in advance for the telephone participation [2]. Group 2: Webcast Participation Details - Upon registration, participants will receive a confirmation email with details on how to join the audio version of the webcast [2]. - The live webcast will be accessible via Harmonic's Investor Relations website [2]. - Participants are advised to join at least 15 minutes prior to the call [2]. Group 3: Replay Information - A replay of the webcast will be available on the Investor Relations website after 5:00 p.m. PT for those unable to attend the live event [3]. Group 4: Company Overview - Harmonic is a leader in virtualized broadband and video delivery solutions, enabling high-quality video streaming and broadcast services globally [4]. - The company has innovated broadband networking with the first virtualized broadband solution, allowing flexible deployment of gigabit internet services [4]. - Harmonic's solutions facilitate the monetization of live and on-demand content across various screens [4].
Harmonic Announces Reporting Date for Second Quarter 2025 Results
Prnewswire· 2025-07-14 20:05
Core Viewpoint - Harmonic is set to release its second quarter 2025 financial results on July 28, 2025, after market close, followed by a live webcast to discuss the results [1]. Group 1: Financial Results Announcement - The financial results for the second quarter of 2025 will be announced after market close on July 28, 2025 [1]. - A live webcast to discuss the results will take place at 2:00 p.m. PT on the same day [1]. Group 2: Participation Details - Telephone participants must register in advance to receive a confirmation email with details on joining the audio version of the webcast [2]. - The live webcast will be accessible via Harmonic's Investor Relations website [2]. - Participants are advised to join the conference call or sign on to the webcast at least 15 minutes prior to the start [2]. Group 3: Replay Information - A replay of the live event will be available on the Investor Relations website after 5:00 p.m. PT [3]. Group 4: Company Overview - Harmonic is a leader in virtualized broadband and video delivery solutions, enabling media companies and service providers to deliver high-quality video streaming and broadcast services globally [4]. - The company has innovated broadband networking with the first virtualized broadband solution, allowing flexible deployment of gigabit internet services [4]. - Harmonic's solutions facilitate the monetization of live and on-demand content across various screens [4].
Harmonic to Participate in the 20th Annual Needham Virtual Technology, Media & Consumer Conference and the Rosenblatt 5th Annual Virtual Technology Summit
Prnewswire· 2025-05-07 22:30
Company Overview - Harmonic is a leader in virtualized broadband and video delivery solutions, enabling media companies and service providers to deliver ultra-high-quality video streaming and broadcast services globally [2] - The company has revolutionized broadband networking with the first virtualized broadband solution, allowing cable operators to deploy gigabit internet services more flexibly [2] - Harmonic's innovations include simplifying OTT video delivery through cloud and software platforms, and enhancing the monetization of live and on-demand content across various screens [2] Upcoming Events - Harmonic's President and CEO, Nimrod Ben-Natan, along with CFO Walter Jankovic, will host virtual investor meetings at the 20th Annual Needham Virtual Technology, Media & Consumer Conference on May 12, 2025, and at the Rosenblatt 5th Annual Virtual Technology Summit on June 10, 2025 [1]