MediaKind to acquire Harmonic’s Video Business for $145M

MediaKind entered into an agreement to acquire the Video Business of Harmonic (HLIT) for approximately $145M. Following a French employee works council consultation process, the parties would immediately execute a purchase agreement, and the transaction would be expected to close in the first half of 2026, subject to customary regulatory approvals and closing conditions. The transaction creates an independent SaaS streaming infrastructure provider by combining two established video technology organizations with complementary strengths in SaaS streaming, appliance platforms, and cloud AV workloads. The combined company will serve a blue-chip customer base, generate more than $100M in annual recurring revenue, over $150M in annual appliance revenue, and, as a business 100% focused on video, create an enhanced foundation for long-term growth. Additionally, this transaction is expected to strengthen financial and operational stability, giving customers greater confidence in the continuity and reliability of their video-infrastructure partner as the market evolves.