04.01.2009 04:20 PM
Harmonic-Scopus $50M Deal Completed
Harmonic's acquisition of Scopus is complete. Harmonic (NASDAQ: HLIT), which develops video compression technology, closed the deal at $5.62 a share in cash—roughly $50 million net of Scopus' cash and short-term investments.

The deal was first proffered in late December, and after some shareholder resistance, went through at the original per-share price. Scopus, a video-processing specialist, posted a profit of $346,000 on revenues of nearly $75.7 million for 2008. Harmonic ended 2008 with net income of $64 million on revenues of nearly $365 million. Harmonic said it expected to save $8 million to $10 million annually on operations once Scopus is fully integrated.

Post New Comment
If you are already a member, or would like to receive email alerts as new comments are
made, please login or register.

Enter the code shown above:

(Note: If you cannot read the numbers in the above
image, reload the page to generate a new one.)

No Comments Found

Friday 11:16 AM
Walden: 'The FCC Is Not Some Venture Capital Firm'
Rep. Anna Eshoo (D-Calif.) then stepped in and called for calm, noting to her colleagues “to say we’re welcoming the chairman and [then] we’re using him as a piñata” was wrong.

Featured Articles
Discover TV Technology