Kaltura board rejects Panopto's $3.00/share unsolicited acquisition bid as undervaluing company

KALTURA INC

Board unanimously determined Panopto's $3.00 per share cash proposal significantly undervalues Kaltura.
Proposal was from Panopto, a private company owned by K1 Investment Management.
Board states it is open to all opportunities to maximize shareholder value.
Board cites cost-reduction and reorganization measures to return to profitable growth.

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