Harmonic agrees to sell its video business to Leone Media for $145 million
Harmonic Inc. signed an Asset Purchase Agreement on March 20, 2026, to sell its Video Business to Leone Media Inc. (d/b/a MediaKind) for $145 million in cash, subject to adjustment for net working capital, cash and debt, and selling expenses. The sale is expected to close in the second quarter of 2026, subject to customary regulatory approvals and other closing conditions. The filing does not include financial results for the business, so its effect on Harmonic's earnings is not stated.
Key points
- Purchase price of $145 million in cash, subject to adjustment at closing
- Put Option exercised March 16, 2026, after French works council consultation completed March 12, 2026; APA executed March 20, 2026
- Closing expected in the second quarter of 2026; either party may terminate if conditions are unmet by June 8, 2026, extendable to September 8, 2026
- Harmonic agrees not to compete with the business for three years after closing
The filing
Written by AI on Nov 8, 2026, 6:59 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on March 23, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.