Originally featured on BroadcastEngineering.com
SeaChange buys Liberate Technologies’ international assets

SeaChange will pay $25.5 million for the international assets of Liberate Technologies.

SeaChange will also receive a cache of patents and other intellectual property, as well as European customers NTL, Telewest and UGC. SeaChange will hire 20 Liberate engineers and field support technicians in San Mateo, CA, and London, InternetNews.com reported.

Liberate is expected to bring $12 million a year in revenue and increase the amount of business SeaChange generates overseas.

The deal requires the approval of Liberate shareholders and is expected to close in June or July. Liberate chairman and CEO David Lockwood, who owns 12 percent of outstanding Liberate shares, has already committed his stake to the deal.

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

Monday 6:39AM
What Price Reliability?
Digitally delivered TV has seen a pile o’ fail lately.

Featured Articles
Discover TV Technology