Harmonic Makes Binding Offer to Acquire Thomson Video Networks
Harmonic has signed a binding offer to acquire Thomson Video Networks. a global leader in advanced video compression solutions. Under the terms of the offer which is in the form of a put option agreement, subject to the selling shareholders exercising the put option following a consultation process with TVN's employee works council in France, Harmonic would acquire all of TVN for approximately $75 million in cash plus up to $15 million in post-closing adjustments.