Harmonic signs APA to sell video business to MediaKind for USD 145 million

Reuters03-24

Harmonic signs APA to sell video business to MediaKind for USD 145 million

Harmonic signed an asset purchase agreement with MediaKind for the sale of its Video Business for USD 145.0 million in cash, subject to closing adjustments.
The put option tied to the transaction could be exercised only after completion of a French employee works council consultation process, which ended on March 12, 2026.
The parties executed the asset purchase agreement on March 20, 2026, and closing is expected in Q2 2026.
The agreement includes a three-year non-compete covenant for Harmonic following closing.
Either party can terminate the agreement if closing conditions are not met by June 8, 2026, with an automatic extension to September 8, 2026 under certain circumstances.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Harmonic Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-119977), on March 23, 2026, and is solely responsible for the information contained therein.

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