Kudelski Offers to Buy Rest of Interactive TV Firm OpenTV

Authored by Mark Hefflinger on February 27, 2009 - 10:32am.

San Francisco - OpenTV, a San Francisco-based developer of interactive TV software and services, said on Friday that it has received a $127 million offer from Swiss content protection technology firm Kudelski Group to acquire shares of the company that it doesn't already own.

The proposal comes more than two years after Kudelski acquired voting control of the company from Liberty Media in a stock deal then valued at $132.3 million.

In the latest deal, Kudelski would pay $1.35 a share in cash.

OpenTV said that its board of directors will meet to consider the offer.

Related Links:
http://snipurl.com/crzif

http://www.lightreading.com/document.asp?doc_id=172807&site=cdn

http://www.opentv.com