Harmonic, the worldwide leader in virtualized broadband and video delivery solutions, has received a binding offer from MediaKind to acquire its Video Business segment for approximately $145 million in cash. The transaction, expected to close in the first half of 2026 pending French works council consultation and regulatory approvals, will enable Harmonic to concentrate resources on its fast-growing virtualized Broadband business while positioning the Video segment for accelerated innovation under MediaKind ownership.
The proposed transaction aligns perfectly with Harmonic’s long-term strategy to prioritize its industry-leading Broadband business, which continues to gain momentum through virtualized cable access and fiber solutions. The capital infusion will strengthen Harmonic’s balance sheet and provide greater flexibility to invest in growth and 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."
For MediaKind, acquiring Harmonic’s Video Business significantly expands its technology portfolio and R&D capabilities, cementing its position as the premier independent provider of end-to-end streaming infrastructure.
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 customers a stronger, more reliable partner to power the future of video."
Harmonic reaffirmed its previously issued Q4 2025 total company financial guidance in conjunction with the announcement.
About Harmonic Inc.
Harmonic (NASDAQ: HLIT), the worldwide leader in virtualized broadband and video delivery solutions, enables media companies and service providers to deliver ultra-high-quality video streaming and broadcast services to consumers globally. The company revolutionized broadband networking via the industry's first virtualized broadband solution, enabling operators to more flexibly deploy gigabit internet services to consumers' homes and mobile devices. Whether simplifying OTT video delivery via innovative cloud and software platforms, or powering the delivery of gigabit internet services, Harmonic is changing the way media companies and service providers monetize live and on-demand content on every screen. More information is available at www.harmonicinc.com.
About MediaKind
At MediaKind, we are trailblazers in the video technology landscape, empowering over 2,000 global service providers, operators, content owners, and broadcasters. Our award-winning video technology sets a new bar for quality of experience, and our commitment to innovation and excellence has been driving the media and entertainment industry to new heights for three decades, while our cutting-edge solutions deliver unmatched viewing experiences across linear, on-demand, and OTT services. As a catalyst for live entertainment and an Emmy award-winning leader, we remain a trusted partner in shaping the future of media and entertainment worldwide.
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