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Brightcove ( (BCOV) ) has issued an announcement.
Brightcove Inc. is set to be acquired by Bending Spoons in a $233 million all-cash deal, offering shareholders $4.45 per share—a 90% premium over the 60-day average. The merger, approved by the board, aims to leverage Bending Spoons’ tech prowess to enhance Brightcove’s streaming platform. Closing is expected in early 2025, pending shareholder and regulatory approvals.
For a thorough assessment of BCOV stock, go to TipRanks’ Stock Analysis page.
