Harmonic Announces Pending Sale of Its Video Business to MediaKind

Harmonic (NASDAQ: HLIT) has received a binding offer from MediaKind to acquire its Video Business for approximately $145 million in cash.

Rhea-AI Summary

Harmonic (NASDAQ: HLIT) has received a binding offer from MediaKind to acquire its Video Business for approximately $145 million in cash. The transaction is expected to close in the first half of 2026 and is subject to a French employee works council consultation, customary closing conditions and regulatory approvals. Harmonic says the sale would sharpen focus on its virtualized Broadband business, provide a capital infusion to bolster the balance sheet, and the company is reaffirming its Q4 2025 financial guidance. A conference call and webcast are scheduled for December 8, 2025 at 8:00 a.m. ET.

Positive

• All-cash consideration of $145 million
• Expected close in H1 2026
• Improves balance sheet via capital infusion
• Allows sharper focus on virtualized Broadband business

Negative

• Sale subject to French works council consultation
• Deal contingent on customary regulatory approvals

Argus Dec 8 session

+6.40% close to close Open Argus

Details

News Market Reaction – HLIT

On Dec 8, the day this news came out, HLIT closed 6.40% above the previous close.

Data tracked by StockTitan Argus for the Dec 8 session.

Key Figures

Video business sale value: $145 million Expected close timing: First half of 2026 Conference call time: 8:00 a.m. ET

Video business sale value

$145 million

All-cash consideration for Harmonic’s Video Business segment

Expected close timing

First half of 2026

Targeted closing window for MediaKind transaction

Conference call time

8:00 a.m. ET

Transaction discussion call on December 8, 2025

Historical Context

5 past events · Latest: Dec 03

5 events

1. Dec 03

   Broadband deployments

   24h Move

   +0.9%

   Milestone of 20 European broadband deployments using cOS platform.

2. Dec 02

   Customer win

   24h Move

   +2.8%

   Telia Norway adopts cOS and DOCSIS 3.1 for broadband upgrade.

3. Dec 01

   Investor conferences

   24h Move

   +2.8%

   Management presenting at Raymond James and Barclays tech conferences.

4. Nov 10

   Investor conference

   24h Move

   +1.4%

   CFO hosting investor meetings at Needham Tech Week.

5. Nov 03

   Earnings update

   24h Move

   -0.3%

   Q3 2025 revenue decline but improved cash, margins and backlog.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

cloud-based video streaming technology, virtualized Broadband business

2 terms

cloud-based video streaming technology technical

"MediaKind, a global leader in cloud-based video streaming technology, to acquire"

Cloud-based video streaming technology delivers live or on-demand video over the internet using remote servers you access on demand instead of local equipment. For investors, it matters because it turns video into a scalable, service-style business—reducing upfront hardware costs, enabling rapid user growth or geographic expansion, and creating recurring revenue streams, while also exposing operators to bandwidth, content-rights and competition risks.

virtualized Broadband business technical

"focus on growth priorities in its industry-leading virtualized Broadband business"

A virtualized broadband business delivers internet service by running network functions as software on cloud servers rather than relying on dedicated physical hardware, so capacity and features can be created, adjusted and managed more like apps than fixed machines. For investors this matters because it can reduce upfront equipment spending, speed new service launches, improve margins and make a provider more agile at scaling or cutting costs—similar to renting a powered‑up tool instead of buying one.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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• Strategic and transformative transaction would sharpen Harmonic's focus on its core Broadband business and advance its growth initiatives
  
  
• Ensures continued innovation and support for Harmonic Video customers under MediaKind
  
  
• All cash transaction for approximately $145 million
  
  
• Conference call today, December 8, 2025, at 8:00 a.m. ET

SAN JOSE, Calif., Dec. 8, 2025 /PRNewswire/ -- Harmonic (NASDAQ: HLIT), the worldwide leader in virtualized broadband and video delivery solutions, today announced it has received a binding offer from MediaKind, a global leader in cloud-based video streaming technology, to acquire its Video Business segment for approximately $145 million in cash. The transaction, which is expected to close in the first half of 2026, is subject to a French employee works council consultation process and customary closing conditions and regulatory approvals.

The proposed transaction would accelerate Harmonic's long-term strategy by sharpening its focus on growth priorities in its industry-leading virtualized Broadband business. Additionally, this divestiture would deliver a healthy capital infusion and further bolster Harmonic's balance sheet, providing the financial flexibility to better serve its expanding customer base and build shareholder value.

"This strategic transaction will, if completed, advance the growth strategies of both companies," said Nimrod Ben-Natan, president and chief executive officer of Harmonic. "It would allow Harmonic to zero in on its core Broadband segment, while ensuring the Video Business, its customers and dedicated employees become part of an organization committed to the future of video delivery. We are incredibly proud of our Video team's accomplishments and look forward to the next chapter of this business's growth under MediaKind."

MediaKind CEO Allen Broome added, "This combination would represent a meaningful step forward in our long-term strategy and reflect our commitment to supporting customers with enhanced product solutions. By joining Harmonic's Video Business with MediaKind, we would strengthen our ability to invest across our entire portfolio, led by an expanded and complementary research and development platform that will significantly accelerate innovation. Together, we would create the leading independent streaming infrastructure company, giving customers a stronger, more reliable partner to power the future of video."

Harmonic today is also reaffirming its total company financial guidance for Q4 2025. For further details, please refer to the company's third quarter 2025 results press release.

Advisors: 

Wilson Sonsini Goodrich & Rosati, P.C. 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.

Conference Call Information

Harmonic will host a conference call today, Monday, December 8, 2025, at 8:00 a.m. ET (5:00 a.m. PT), to discuss this pending transformative transaction. The live webcast will be available on the Harmonic Investor Relations website at http://investor.harmonicinc.com. To participate via telephone, please register in advance using this link, https://edge.media-server.com/mmc/p/oaqkszn3. A replay will be available after 11:00 a.m. ET on the same website.

About Harmonic Inc. 

Harmonic (NASDAQ: HLIT), the worldwide leader in virtualized broadband and video delivery solutions, enables media companies and service providers to deliver ultra-high-quality video streaming and broadcast services to consumers globally. The company revolutionized broadband networking via the industry's first virtualized broadband solution, enabling operators to more flexibly deploy gigabit internet services to consumers' homes and mobile devices. Whether simplifying OTT video delivery via 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. More information is available at www.harmonicinc.com.

About MediaKind 

At MediaKind, we are trailblazers in the video technology landscape, empowering over 2,000 global service providers, operators, content owners, and broadcasters. Our award-winning video technology sets a new bar for quality of experience, and our commitment to innovation and excellence has been driving the media and entertainment industry to new heights for three decades, while our cutting-edge solutions deliver unmatched viewing experiences across linear, on-demand, and OTT services. As a catalyst for live entertainment and an Emmy award-winning leader, we remain a trusted partner in shaping the future of media and entertainment worldwide. 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 related to the contemplated sale of Harmonic's Video Business, the timing of the proposed transaction and anticipated benefits of the proposed transaction. Our expectations and beliefs regarding these matters may not materialize and are subject to risks and uncertainties, including the possibility that the proposed transaction does not close due to regulatory approvals not being obtained or other closing conditions not being fulfilled, the works council consultation process is lengthier than anticipated, the proposed transaction encounters unanticipated delays or is postponed or canceled due to a material adverse event or change, and anticipated benefits for Harmonic as a result of the proposed transaction do not fully materialize. The forward-looking statements contained in this press release are also subject to other risks and uncertainties, such as those more fully described in Harmonic's filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended Dec.31, 2024, its Quarterly Reports on Form 10-Q and its Current Reports on Form 8-K. The forward-looking statements in this press release are based on information available to Harmonic as of the date hereof, and Harmonic disclaims any 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 Inc.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is Harmonic (HLIT) selling to MediaKind and for how much?

Harmonic is selling its Video Business to MediaKind for approximately $145 million in cash.

When is the HLIT–MediaKind transaction expected to close?

The transaction is expected to close in the first half of 2026, subject to approvals and consultation.

How will the HLIT sale affect Harmonic's strategic focus?

Harmonic says the divestiture will sharpen focus on its virtualized Broadband business and growth priorities.

Does the HLIT deal require employee or regulatory approvals?

Yes; the transaction is subject to a French works council consultation and customary regulatory approvals.

Will Harmonic change its Q4 2025 guidance after the sale of the Video Business?

Harmonic is reaffirming its Q4 2025 financial guidance as stated in its materials.

When and how can investors hear Harmonic discuss the pending sale (HLIT)?

Harmonic will host a conference call and webcast on December 8, 2025 at 8:00 a.m. ET, available on its investor relations website.