Harmonic says it has initiated a formal strategic review process for its Video SaaS business.
It follows a review of the growth opportunities in both its Broadband and Video SaaS businesses.
“Together with financial and legal advisors, we are assessing a range of alternatives for the Video business to better position Harmonic for long-term shareholder value creation,” the company said in a statement. “As part of this process, we have received indications of interest in our Video business from a number of parties over the past several months. Since the strategic review may cause some disruption to the business, we are conservatively guiding our Video business for Q4 2023.”
No timetable has been set for the review and Harmonic has emphasised it may not lead to a transaction.
