The Kudelski Group announced today that it’s taking another stab at full ownership of OpenTV with a deal valued at $215 million.

Today’s deal is an all-cash tender offer of $1.55 per share to OpenTV shareholders for the 94 million outstanding shares that Kudelski doesn’t already own.

The offer represents a 17 percent increase over OpenTV’s closing price of $1.33 on Friday and it ends Nov. 6. Kudelski said the offer doesn’t require the approval or recommendation of OpenTV’s board, and it’s not subject to a financing condition.

Kudelski currently owns 13.4 percent of OpenTV’s Class A shares. In February, it attempted to buy the remaining shares for $1.35 per share, but Kudelski ended up pulling its bid in June after a committee set up by OpenTV’s board rejected the offer.