San Francisco
- OpenTV, a developer of interactive TV software and services, said that its
board of directors has rejected an unsolicited takeover bid by Swiss content
protection technology firm Kudelski Group.
Kudelski in February had offered
$1.35 a share -- or about $127 million -- to acquire shares of the company that
it doesn't already own.
It acquired voting control of OpenTV through a deal
with Liberty Media more than two years ago.
A special committee of San
Francisco-based OpenTV's board labeled the latest offer "inadequate and not
in the best interests of the company and its stockholders."
Related Links:
http://www.businesswire.com/news/home/20090602006769/en
http://www.kudelski.com
http://www.opentv.com
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