Harmonic Receives Binding Offer From MediaKind To Acquire Its Video Business Segment For ~$145M In Cash

• 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.