Israel's Scopus Video Networks has agreed to acquire the digital video and streaming business assets of Optibase, a fellow Israeli company that is the principal shareholder of Scopus. The buyout will be stock-based, with Scopus buying the business holdings for 2.6 million ordinary shares "plus an earn-out of up to 0.9 million additional shares based on the achievement of sales goals," according to a post at IPTV News. The deal will result in Optibase owning about 46 percent of Scopus' outstanding ordinary shares, a boost of 10 percent from its current holdings. Scopus said the deal will offer the company synergies and broader potential product offerings.
For more:
- see this coverage [1] at IPTV News
Related articles:
Scopus introduced HD encoders last year. Scopus report [2]
Scopus is supporting KPN Telecom's IPTV service. Scopus report [3]
Links:
[1] http://www.iptv-news.com/content/view/2188/64/
[2] http://www.fierceiptv.com/story/also-noted-scopus-bows-hd-encoders-orca-takes-tv-blockbuster-and-much-more/2007-09-04
[3] http://www.fierceiptv.com/story/city-telecom-adds-43-000-iptv-customers-belgacom-iptv-revenue-125/2008-05-20