Kudelski makes fresh OpenTV offer

Swiss-based technology firm Kudelski has made a new attempt at acquiring interactive TV specialist OpenTV.

Kudelski, which already owns a significant stake in OpenTV, offered US$1.55 (€1.06) for the remaining shares in the company that it does not already own. That figure is 17% higher than the closing price of OpenTV’s shares on October 2, when they were worth US$1.33. It is also higher than the US$1.35 per share it offered in June.

Kudelski said its all-cash offer provides OpenTV shareholders “immediate liquidity” at a “superior value” to the company’s future prospects, “particularly given OpenTV’s current scale and R&D challenges and the significant amount of new investment required for OpenTV to remain competitive as a standalone, publicly-traded company.” 

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