Harmonic corrects PR Newswire transmission of MediaKind video unit sale release
PUBT · 06/17 16:15
Share
Listen to the news
- Harmonic issued a correction to its June 17 release on the sale of its Video Business to MediaKind, citing an incorrect transmission by PR Newswire.
- The corrected release confirms the divestiture closed for USD 145 million in cash, subject to net working capital and other customary post-closing adjustments.
- The update reiterates the deal positions Harmonic as a pure-play broadband company, shifting capital and focus to its virtualized broadband segment.
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 on June 17, 2026, and is solely responsible for the information contained therein.
Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
What's Trending
No content on the Webull website shall be considered a recommendation or solicitation for the purchase or sale of securities, options or other investment products. All information and data on the website is for reference only and no historical data shall be considered as the basis for judging future trends.
Copyright © 2026 Webull. All Rights Reserved