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Harmonic wraps up $50M purchase of Scopus

Thu, 03/12/2009 - 8:20am
Mike Robuck

Harmonic announced it has wrapped up its $50 million deal to purchase Scopus (story here). 

Under the terms of the merger agreement, which was approved by approximately 90 percent of the outstanding shares of Scopus voting at a special meeting held on Feb. 6, each ordinary share of Scopus issued and outstanding as of today has been automatically converted into the right to receive $5.62 in cash, which is subject to applicable withholding taxes.

Harmonic said the acquisition, which was first announced in December, strengthens its technology and market leadership, particularly in the broadcast contribution and distribution markets, in addition to increasing the global customer base.

In turn, Scopus’ customers will be supported by the expanded regional Harmonic sales and support teams, and through channel partners.

More Broadband Direct 03/12/09:

•  Cablevision to stop selling analog tier by end of year
•  Sprint shareholder files class-action suit
•  SureWest's yearly revenue increases 35 percent 
•  Report: Nortel in talks to sell off major business units
•  Oklahoma, Utah lead going cell-only; Calif, NY lag
•  Harmonic wraps up $50M purchase of Scopus
•  Tru2way front and center at CableNET
•  Google preparing to steer more telephone traffic
•  Sirius XM Radio sees opportunities to bundle
•  Broadband Briefs for 03/12/09

 

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