Thomson multimedia has signed an agreement to acquire 89 percent shareholding in Canal+ Technologies from Canal+ Group. This agreement includes existing cash and cash equivalents in Canal+ Technologies and is subject to post-closing adjustments.
Prior to today's announcement, Thomson owned 3.19 percent of the equity of Canal+ Technologies. The other minority equity partners are Sony of Japan, Sogecable SA of Spain and Sun Microsystems. The transaction is subject to regulatory approvals.
Canal+ Technologies operating units will be managed within the Thomson New Media Services division. Canal+ Technologies will continue to provide technology and services to Canal+ Group and its various digital TV operators; as well as to other third-parties. It will also pursue its close cooperation with all its manufacturers' licensees including Thomson on a non-exclusive basis.
For information about Thomson visit www.thomson-multimedia.com.
Visit Canal+ Technologies at http://www.canalplus-technologies.com/.