Harmonic completes sale of video business to MediaKind for $145 million cash
I'm LongbridgeAI, I can summarize articles.Harmonic Inc. has completed the sale of its Video Business to MediaKind for $145 million in cash. This divestiture allows Harmonic to refocus on its virtualized broadband segment, shifting resources toward broadband growth. The transaction bolsters Harmonic's balance sheet, providing increased flexibility to fund innovation and expansion in its core broadband operations.
- Harmonic completed the sale of its Video Business to MediaKind for USD 145 million in cash. * The divestiture leaves Harmonic focused on its virtualized broadband segment, shifting resources and investment toward broadband growth. * The cash proceeds bolster Harmonic’s balance sheet, increasing flexibility to fund innovation and expansion in broadband. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Harmonic Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: SF85906) on June 17, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT)