Harmonic (NASDAQ: HLIT) says $145M Video Business sale on track for Q2 2026

Rhea-AI Filing Summary

Harmonic Inc. has provided an update on its previously announced plan to sell its Video Business to Leone Media Inc. (doing business as MediaKind). The deal is structured under an Asset Purchase Agreement with a purchase price of $145 million in cash, subject to customary adjustments. The company states that the transaction remains on track to close in the second quarter of 2026, pending satisfaction of the remaining customary closing conditions under the agreement.

Insights

M&A and corporate strategy analyst

Harmonic reiterates its $145M Video Business divestiture remains on schedule.

Harmonic Inc. confirms its plan to sell the Video Business to Leone Media Inc. (MediaKind) for $145 million in cash is progressing as expected. The Asset Purchase Agreement was signed on March 20, 2026, and the deal terms include customary purchase price adjustments.

The update indicates closing is still anticipated in the second quarter of 2026, subject to customary closing conditions under the APA. This suggests ongoing regulatory, operational, or contractual steps are proceeding without disclosed complications, but the transaction is not yet finalized.

Once completed, the divestiture will convert the Video Business into a defined cash amount, potentially altering Harmonic’s business mix and balance sheet. The precise impact will depend on how the company reallocates the $145 million and how the remaining operations perform, which would be detailed in future filings.

8-K Event Classification

Item 7.01 — Regulation FD Disclosure

1 item

Item 7.01 Regulation FD Disclosure Disclosure

Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.

Key Figures

Video Business purchase price: $145 million cash Expected closing period: Second quarter 2026 APA signing date: March 20, 2026

3 metrics

Video Business purchase price $145 million cash Asset Purchase Agreement for Video Business sale

Expected closing period Second quarter 2026 Target closing timeframe for Video Business sale

APA signing date March 20, 2026 Date Harmonic entered Asset Purchase Agreement

Key Terms

Asset Purchase Agreement, customary adjustments, customary closing conditions, Nasdaq Global Select Market

4 terms

Asset Purchase Agreement financial

"Harmonic Inc. entered into an Asset Purchase Agreement (the "APA") to sell its Video Business"

An asset purchase agreement is a legal contract in which a buyer agrees to buy specific assets and contracts of a business rather than buying the company’s stock or ownership. It matters to investors because it determines exactly what is being bought and what liabilities stay behind — like buying the furniture and equipment from a store but not the building or past debts — which affects the deal’s value, taxes and future risk exposure.

customary adjustments financial

"for a purchase price of $145 million in cash, subject to customary adjustments"

customary closing conditions financial

"subject to satisfaction of the remaining customary closing conditions under the APA"

"Customary closing conditions" are standard rules or checks that must be met before a business deal can be finalized, like making sure all paperwork is in order or that certain approvals are obtained. They matter because they help protect both parties, ensuring everything is in place and reducing the risk of surprises or problems after the deal is closed.

Nasdaq Global Select Market financial

"Common Stock, par value $0.001 per share | HLIT | The Nasdaq Global Select Market"

A Nasdaq Global Select Market listing is the highest tier of stocks on the Nasdaq exchange, reserved for companies that meet the strictest financial, reporting and governance standards. For investors, it acts like a premium quality label—signaling larger, more transparent and better-governed companies that tend to offer greater liquidity and lower perceived risk compared with lower-tier listings, making it easier to buy, sell and evaluate shares.

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Understanding 8-K Material Events →

0000851310false00008513102026-06-082026-06-08

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): June 8, 2026

HARMONIC INC.

(Exact name of Registrant as specified in its charter)

Delaware	000-25826	77-0201147
(State or other jurisdiction of incorporation)	Commission File Number	(IRS Employer Identification No.)

2590 Orchard Parkway

San Jose, CA 95131

(Address of principal executive offices, including zip code)

(408) 542-2500

(Registrant’s telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, par value $0.001 per share	HLIT	The Nasdaq Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2). Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 7.01. Regulation FD Disclosure.

As previously announced, on March 20, 2026, Harmonic Inc. (the "Company") entered into an Asset Purchase Agreement (the "APA") to sell its Video Business to Leone Media Inc. (d/b/a MediaKind) for a purchase price of $145 million in cash, subject to customary adjustments. The Company confirms that the sale of its Video Business remains on track to close in the second quarter of 2026, subject to satisfaction of the remaining customary closing conditions under the APA.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: June 8, 2026				HARMONIC INC.
				By:		/s/ Walter Jankovic
						Walter Jankovic
						Chief Financial Officer

FAQ

What transaction did Harmonic Inc. (HLIT) confirm in this 8-K?

Harmonic Inc. confirmed it is proceeding with the sale of its Video Business to Leone Media Inc. (MediaKind). The transaction is governed by an Asset Purchase Agreement and involves a cash purchase price with standard adjustments and customary closing conditions before completion.

How much is Harmonic Inc. (HLIT) selling its Video Business for?

Harmonic Inc. agreed to sell its Video Business for a purchase price of $145 million in cash. This amount is subject to customary purchase price adjustments defined in the Asset Purchase Agreement with Leone Media Inc., the buyer operating under the MediaKind name.

When does Harmonic Inc. expect the Video Business sale to close?

Harmonic Inc. states that the sale of its Video Business remains on track to close in the second quarter of 2026. Completion still depends on the satisfaction of remaining customary closing conditions specified in the Asset Purchase Agreement with Leone Media Inc. (MediaKind).

Who is buying Harmonic Inc.’s Video Business and under what agreement?

Leone Media Inc., doing business as MediaKind, is buying Harmonic Inc.’s Video Business. The transaction is structured under an Asset Purchase Agreement, which sets the $145 million cash purchase price, adjustment mechanisms, and the customary closing conditions required before completion.

Was the Harmonic (HLIT) Video Business sale newly announced in this filing?

No. Harmonic Inc. notes the sale was previously announced when it entered into the Asset Purchase Agreement on March 20, 2026. This filing mainly confirms that the transaction timeline and expected closing in the second quarter of 2026 remain unchanged.

Filing Exhibits & Attachments

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