Harmonic wraps up $50M purchase of Scopus
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.