Harmonic Inc. provided an update on the previously announced sale of its Video Business, confirming the transaction is proceeding as expected and remains on track to close in the second quarter of 2026.
Key Details
- Transaction: Sale of the company's Video Business to Leone Media Inc. (d/b/a MediaKind) for a purchase price of $145 million in cash, subject to customary adjustments.
- Timeline: The closing is expected to occur in the second quarter of 2026, subject to the satisfaction of remaining customary closing conditions.
- Original Agreement: The Asset Purchase Agreement (APA) was first announced on March 20, 2026.