The Kudeslski Group has refuted suggestions by Discovery Group that it should sell its holding in OpenTV.
In a statement, the Swiss technology company said Kudelski remained committed to its economic stake in OpenTV, pointing to earlier statements that said it would undertake all necessary measures to ensure the company’s long-term success.
Discovery Group had proposed that OpenTV use its cash reserves to buy bacj the 32% economic stake currently held by the Kudelski Group at $1.35 (€0.97) per share.
Discovery Group is the largest independent shareholder in the middleware company and has been highly critical of Kudelski’s actions (see Broadband TV News passim).
