Home › DMW Daily › October 5, 2009

Kudelski Group Launches Tender Offer for Shares of OpenTV

Authored by Mark Hefflinger on October 5, 2009 - 9:59am.
San Francisco - Shares of interactive TV software firm OpenTV (NASD: OPTV) rose nearly 16% on Monday after Swiss content protection technology firm Kudelski Group launched a cash tender offer to acquire the remaining shares of the firm that it doesn't already own.

Kudelski said that it will pay $1.55 a share for the company -- $0.20 higher than it offered for the company last winter -- in a deal that values OpenTV at $215 million.

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.

 

Related Links:
http://www.businesswire.com/news/home/20091004005091/en

http://www.kudelski.com

http://www.opentv.com  

Published in DMW Daily, October 5, 2009
tags: Deals | TV | Acquisitions | OpenTV | Interactive TV | Kudelski Group |



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