12.07.2005 09:55 AM
Originally featured on BroadcastEngineering.com
Thomson to acquire Canopus

Thomson announced Monday that it has signed an agreement to acquire 33 1/3 percent of the issued and outstanding shares of Canopus, a Japan-based company with high-definition desktop video editing software.

Thomson acquired the stock from Canopus Chairman and CEO Hiroshi Yamada and members of his immediate family. The company also launched a public tender offer for the remaining Canopus shares Dec. 6.

The value of the private transaction combined with the pending tender offer represents about $107.5 million on an equity value basis. Total Canopus revenue for the 12 months ending Aug. 31, 2005, was around $59 million. About 80 percent came from the company’s core ProAV and video editing positions.

Taken with the discussions with Thales on Thales Broadcast & Multimedia (broadcasting and IP-TV), this transaction completes Thomson's external initiatives for its Grass Valley Broadcast & Networks business, according to a press statement.

For more information, visit www.thomsongrassvalley.com.

Back to the top

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

Thursday 11:07 AM
The Best Deconstruction of a 4K Shoot You'll Ever Read
With higher resolutions and larger HD screens, wide shots using very wide lenses can be a problem because they allow viewers to see that infinity doesn’t quite resolve into perfect sharpness.

Featured Articles
Discover TV Technology