- Strategic and transformational transaction will strengthen Harmonic's focus on its core broadband business and drive growth initiatives
- Ensures continued innovation and support for Harmonic Video customers under MediaKind
- Approximately $145 million in an all-cash transaction
- Conference call today, December 8, 2025 at 8:00 AM ET
San Jose, California, December 8, 2025 /PRNewswire/ — Harmonic (NASDAQ: HLIT), a global leader in virtual broadband and video distribution solutions, today announced that it has received a binding offer to acquire its video business unit from MediaKind, a global leader in cloud-based video streaming technology, for approximately $145 million in cash. The transaction is expected to close in the first half of 2026 and is subject to a French works council consultation process, customary closing conditions and regulatory approvals.
The proposed transaction will accelerate Harmonic's long-term strategy by strengthening its focus on growth priorities in its industry-leading virtualized broadband business. Additionally, this sale provides a healthy capital injection, further strengthening Harmonic's balance sheet and providing financial flexibility to better serve its growing customer base and build shareholder value.
“The completion of this strategic transaction will advance the growth strategies of both companies,” said Nimrod Bennatan, President and CEO of Harmonic. “This allows Harmonic to focus on its core broadband areas while ensuring that our video business, its customers and dedicated employees are part of an organization committed to the future of video delivery. We are extremely proud of the video team's accomplishments and look forward to the next phase of growth for this business under MediaKind.”
MediaKind CEO Allen Bloom added, “This merger is a significant step in our long-term strategy and reflects our commitment to supporting our customers with enhanced product solutions. The partnership between Harmonic's video business and MediaKind will significantly increase our innovation capabilities. “With an expanded and complementary R&D platform, we will strengthen our ability to invest across our portfolio. Together, we will create a leading independent streaming infrastructure company and provide our customers with a strong and reliable partner to drive the future of video.”
Harmonic today reaffirms its companywide financial guidance for the fourth quarter of 2025. For more information, please refer to the company's Q3 2025 earnings press release.
Advisor:
Wilson Sonsini Goodrich & Rosati, PC is serving as legal advisor to Harmonic, and Jefferies LLC is serving as exclusive financial advisor. Davis Polk & Wardwell is serving as legal advisor to MediaKind, and Moelis & Company is serving as exclusive financial advisor.
Teleconference information
Harmonic plans to hold a conference call today, Monday, December 8, 2025 at 8:00 a.m. Eastern Time (5:00 a.m. Pacific Time) to discuss this pending transformational transaction. The live webcast can be viewed on the Harmonic Investor Relations website (http://investor.harmonicinc.com). To participate by phone, please register in advance using this link: https://edge.media-server.com/mmc/p/oaqkszn3. Replays will be available for viewing on the same website after 11 a.m. ET.
About Harmonic Co., Ltd.
Harmonic (NASDAQ: HLIT), a global leader in virtual broadband and video distribution solutions, enables media companies and service providers to deliver ultra-high quality video streaming and broadcast services to consumers around the world. The company revolutionized broadband networking through the industry's first virtual broadband solution, giving carriers more flexibility in bringing gigabit Internet services to consumers' homes and mobile devices. Whether it's simplifying OTT video delivery through innovative cloud and software platforms or powering the delivery of gigabit internet services, Harmonic is changing the way media companies and service providers monetize live and on-demand content on every screen. For more information, please visit www.harmonicinc.com.
About Mediakind
MediaKind is a pioneer in video technology, powering more than 2,000 global service providers, operators, content owners, and broadcasters. Our award-winning video technology sets new standards for quality of experience, and our commitment to innovation and excellence has propelled the media and entertainment industry to new heights for 30 years. Our cutting-edge solutions also deliver an unparalleled viewing experience across linear, on-demand and OTT services. As a champion and Emmy Award-winning leader in live entertainment, we remain a trusted partner in shaping the future of media and entertainment around the world. For more information, please visit www.mediakind.com.
Legal notice regarding forward-looking statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including statements regarding the proposed sale of Harmonic's video business, the timing of the proposed transaction, and the anticipated benefits of the proposed transaction. Our expectations and beliefs regarding these matters may not materialize and are subject to risks and uncertainties. These include the possibility that the proposed transaction will not be completed because regulatory approvals are not obtained or other closing conditions are not satisfied, the labor council consultation process will take longer than anticipated, the proposed transaction will experience unanticipated delays or be postponed or canceled due to material adverse events or changes, and the benefits expected to Harmonic as a result of the proposed transaction will not be fully realized. The forward-looking statements contained in this press release are also subject to other risks and uncertainties, such as those described more fully in Harmonic's filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K for the year ended December 31, 2024. The forward-looking statements in this press release are based on information available to Harmonic as of the date of this press release, and Harmonic undertakes no obligation to update any forward-looking statements.
Harmonic, the Harmonic logo, and other Harmonic marks are owned by Harmonic Inc. or its affiliates. All other trademarks referenced herein are the property of their respective owners..
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Source Harmonic Co., Ltd.
