Harmonic Shares Up After $145M Video-Division Sale

Dow Jones

12/09

By Terell Wright

Shares of Harmonic rose after the company said it agreed to sell its video-business segment to video-streaming-technology company MediaKind for about $145 million.

Shares climbed 7% to $10.37, though are down 21% year to date.

Harmonic Chief Executive Nimrod Ben-Natan on Monday said the sale will provide capital to increase investment in its fiber business and aid in the company's $200 million share-repurchase program. It will also simplify operations, he said.

"With the pending sale of the video business, we will no longer manage two distinct operational models," Ben-Natan said on an investor call Monday. "This will simplify our business and enable us to operate more effectively and with greater agility."

The San Jose, Calif., virtualized-broadband and video-delivery solutions company said the proposed transaction is expected to close in the first half of next year.

Write to Terell Wright at terell.wright@wsj.com

(END) Dow Jones Newswires

December 08, 2025 12:30 ET (17:30 GMT)

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It will also simplify operations, he said. \n</p>\n<p>\n  \"With the pending sale of the video business, we will no longer manage two distinct operational models,\" Ben-Natan said on an investor call Monday. \"This will simplify our business and enable us to operate more effectively and with greater agility.\" \n</p>\n<p>\n  The San Jose, Calif., virtualized-broadband and video-delivery solutions company said the proposed transaction is expected to close in the first half of next year. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Write to Terell Wright at terell.wright@wsj.com \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  December 08, 2025 12:30 ET (17:30 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"HLIT","symbol_name":"谐波","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2590357752","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2590357752","pubTimestamp":1765215000,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Shares of Harmonic rose after the company said it agreed to sell its video-business segment to video-streaming-technology company MediaKind for about $145 million.Shares climbed 7% to $10.37, though are down 21% year to date.Harmonic Chief Executive Nimrod Ben-Natan on Monday said the sale will provide capital to increase investment in its fiber business and aid in the company's $200 million share-repurchase program. It will also simplify operations, he said.\"With the pending sale of the video business, we will no longer manage two distinct operational models,\" Ben-Natan said on an investor call Monday. \"This will simplify our business and enable us to operate more effectively and with greater agility.\". 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It will also simplify operations, he said. \n\n\n  \"With the pending sale of the video business, we will no longer manage two distinct operational models,\" Ben-Natan said on an investor call Monday. \"This will simplify our business and enable us to operate more effectively and with greater agility.\" \n\n\n  The San Jose, Calif., virtualized-broadband and video-delivery solutions company said the proposed transaction is expected to close in the first half of next year. \n\n\n \n\n\n  Write to Terell Wright at terell.wright@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  December 08, 2025 12:30 ET (17:30 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}