HARMONIC INC. (HLIT): M&A transaction — Harmonic completes sale of Video Business to MediaKind for $145M cash, becomes pure-play broadband

HARMONIC INC.

Sold Video Business to MediaKind (Leone Media Inc.) for $145M in cash, subject to working capital and other adjustments.
Transaction closed June 16, 2026; Harmonic now focused exclusively on virtualized broadband solutions.
Neven Haltmayer, SVP and GM of Video Business, resigned effective June 16, retiring after 20 years.
Company plans Investor Day on September 15, 2026, to detail broadband strategy and growth outlook.
Cash proceeds strengthen balance sheet, provide capital for innovation and expansion in broadband market.

item 2.01 item 5.02 item 9.01

Executive movements

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Departed

Neven Haltmayer

Senior Vice President and General Manager, Video Business

HLIT · HARMONIC INC.

Effective: 2026-06-16
Filed: June 17, 2026, 9:05 AM ET

Neven Haltmayer has resigned from his position of Senior Vice President and General Manager, Video Business, of the Company, effective June 16, 2026, in connection with the closing of the Acquisition.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Neven Haltmayer resigned as Senior Vice President and General Manager, Video Business at HARMONIC INC..

Action: resigned
Role: Senior Vice President and General Manager, Video Business

Exact text from the filing

Neven Haltmayer has resigned from his position of Senior Vice President and General Manager, Video Business, of the Company, effective June 16, 2026, in connection with the closing of the Acquisition.

View on SEC.gov

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

HARMONIC INC. completed a disposition involving Leone Media Inc. (d/b/a MediaKind) for $145 million in cash (closed 2026-06-16).

Action: disposition
Counterparty: Leone Media Inc. (d/b/a MediaKind)
Consideration: $145 million in cash
Closing: 2026-06-16

Exact text from the filing

On June 16, 2026, Harmonic Inc. (the “Company”) completed the previously disclosed sale of its Video Business (the “Business”) pursuant to that certain Asset Purchase Agreement, dated March 20, 2026, (the “APA”) with Leone Media Inc. (d/b/a MediaKind) (the “Buyer”) for a purchase price of $145 million in cash (the “Acquisition”).

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HARMONIC INC. filing history →

Source: SEC EDGAR

accession 0001193125-26-273457

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