Kudelski extends OpenTV offer

Kudelski has extended the expiration date of its offer to buy the remaining shares that it does not already own in TV technology company OpenTV to 04:00 GMT on November 12.

The Swiss-based technology firm, which is offering US$1.55  (€1.05) per share for OpenTV, has extended the deadline from November 6. It said the decision was made “to provide OpenTV shareholders ample time to consider all the relevant information disseminated since the commencement of the offer”.

OpenTV’s third quarter results will be announced later today.