MediaKind Completes Merger with Harmonic's Video Business, Creating Independent Video Infrastructure Heavyweight

Harmonic has completed the sale of its Video Business to MediaKind for $145 million in cash, a deal that reshapes both companies - turning Harmonic into a pure-play broadband provider and establishing MediaKind as what the companies describe as the world's leading independent video infrastructure company.

For MediaKind, the merger creates a combined company that enters the market with more than $100 million in annual recurring revenue and over $150 million in annual appliance revenue, totaling more than $250 million in annual revenue. The integrated business brings together complementary strengths across SaaS streaming, appliance platforms and cloud video technologies, serving a global blue-chip customer base positioned to help the media industry navigate the next era of streaming and video delivery. MediaKind is also welcoming Harmonic's Video employees to the company.

Bringing these two teams together under one roof is a powerful moment, creating a stronger, more capable partner for the media industry at a time of significant change, says Allen Broome, chief executive officer of MediaKind. Outstanding technology, deep expertise, and a shared obsession with customer success - we're ready to build something exceptional.

The transaction closes a defining chapter in Harmonic's strategic transformation. The purchase consideration is subject to net working capital and other customary post-closing adjustments. For Harmonic, the divestiture concentrates the company's resources, capital and operational expertise on its virtualized broadband segment, the fastest-growing business within its portfolio. The sale also delivers a capital infusion that strengthens Harmonic's balance sheet and provides financial flexibility to invest in innovation, expand its customer base and pursue growth opportunities in broadband.

The completion of this transaction is a pivotal moment for Harmonic, says Nimrod Ben-Natan, president and chief executive officer of Harmonic. We now turn our full focus and capital toward broadband, where our established footprint with the world's largest operators positions us as a leader in the industry's shift to virtualized software-defined broadband networks powered by intelligence capabilities. We are proud of the exceptional work our Video Business has accomplished and are confident they will continue to deliver the same innovation and dedication as a part of MediaKind.

To coincide with the merger, MediaKind has launched a new website that combines cloud-native software, SaaS services and proven video infrastructure into a single, integrated offering. The combined portfolio is live at mediakind.com.

Harmonic, meanwhile, will host an Investor Day event in New York City on September 15, 2026, offering a detailed look at the company's core technologies, innovation and growth outlook. The hybrid event will include limited in-person attendance by invitation only and a live webcast available on Harmonic's Investor Relations website, with additional details to follow closer to the event.

LINK:	https://www.sportsvideo.org/2026/06/17/mediakind-completes-merger-with...
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