Harmonic sells Video Business to MediaKind for $145M cash

HARMONIC INC.

Purchase price $145M cash, subject to net working capital and cash/debt adjustments.
French works council consultation completed March 12; Put Option exercised March 16; APA signed March 20, 2026.
Closing expected Q2 2026, subject to regulatory approvals and other customary conditions.
APA includes 3-year non-compete covenant and mutual indemnification provisions.
Transaction structured as asset purchase of Transferred Assets and Acquired Subsidiaries.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

HARMONIC INC. entered into Asset Purchase Agreement with Leone Media Inc. (d/b/a MediaKind) valued at $145 million (effective 2026-03-20).

Action: entry
Agreement: asset purchase
Counterparty: Leone Media Inc. (d/b/a MediaKind)
Value: $145 million
Effective: 2026-03-20

Exact text from the filing

(the “Company”) entered into a Put Option Agreement (the “Put Option Agreement”) between the Company and Leone Media Inc. (d/b/a MediaKind) (the “Buyer”). Pursuant to the Put Option Agreement, the Company had the right (the “Put Option”) to require the Buyer to purchase the Company’s Video Business (the “Business”) for a purchase price of $145 million in cash, which Put Option may be exercised only following completion of the required consultation process with the relevant employee works council in France, with respect to such asset sale by the Company (the “Acquisition”).

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Source: SEC EDGAR

accession 0001193125-26-119977

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