Harmonic confirms $145M sale to MediaKind on track for Q2 2026
Harmonic Inc. confirmed that its $145 million cash sale of the Video Business to MediaKind is on track to close in Q2 2026, pending customary adjustments and closing conditions.
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Harmonic Inc. confirmed that the $145 million sale of its Video Business to MediaKind remains on track to close in the second quarter of 2026. The transaction, structured as an Asset Purchase Agreement, involves a cash purchase price subject to customary adjustments and is pending the satisfaction of remaining closing conditions.
Transaction Details
The sale was originally announced on March 20, 2026, when Harmonic Inc. entered into the agreement with Leone Media Inc. (d/b/a MediaKind). The deal focuses exclusively on the divestiture of the Video Business unit.
| Transaction Component | Details |
|---|---|
| Buyer | Leone Media Inc. (d/b/a MediaKind) |
| Purchase Price | $145 million |
| Payment Type | Cash |
| Expected Closing | Q2 2026 |
The completion of the sale is contingent upon the satisfaction of customary closing conditions outlined in the Asset Purchase Agreement.
How does Harmonic Inc. plan to allocate the $145 million in cash proceeds post-transaction?
What strategic direction will Harmonic Inc. pursue following the divestiture of its Video Business unit?
How will this transaction impact Harmonic's revenue stream and financial stability in the second half of 2026?
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