Kudelski Group completes acquisition of controlling interest in OpenTV
January 17, 2007
CHESEAUX, Switzerland and SAN FRANCISCO -- Kudelski Group (SWX Swiss Exchange: KUD.VX), a global leader in content protection and related digital television technologies, announced today that it closed its previously announced stock purchase transaction with Liberty Media Corporation (Nasdaq: LINTA - News, LCAPA - News) and has acquired voting control of OpenTV Corp. (Nasdaq: OPTV - News), a leading provider of solutions for the delivery of digital and interactive television. OpenTV will continue to maintain its listing on the NASDAQ Global Market. The transaction aligns two global digital television technology leaders who, together, will be able to deliver fully integrated products and solutions to the world's digital TV operators, spanning conditional access software, middleware, interactive applications, and advertising. At the same time, the transaction enables both companies to continue operating independently, supporting efforts to serve some customers on a standalone basis as their requirements dictate.
In connection with the transaction, Joseph Deiss, Lucien Gani, Alan A. Guggenheim, Andre Kudelski, Mercer Reynolds, Pierre Roy and Claude Smadja were appointed to serve on OpenTV's Board of Directors, and Robert R. Bennett, Anthony G. Werner and Michael Zeisser resigned from OpenTV's Board of Directors.
Kudelski Group
You May Also Like
