Kudelski makes second bid for US software group

Swiss digital television technology group Kudelski has made a second bid to take full ownership of interactive software maker OpenTV.

This content was published on October 5, 2009 - 09:49

Kudelski launched on Monday an all-cash tender offer to shareholders in the San Francisco-based company of $1.55 (SFr1.60) per share for the 108 million shares it does not already own.

The deal values OpenTV at $215 million and follows the rejection of Kudeliski's February 2009 offer of $1.35 per share, which was viewed by OpenTV's board as inadequate. The second offer expires on November 6.

Kudelski became OpenTV's majority shareholder in 2007. The Vaud-based group says OpenTV is better off combined with Kudelski, which operates complementary businesses, and wants to invest in research and development in the company.

OpenTV's software is built into 133 million digital set-top boxes and televisions worldwide. and agencies

This article was automatically imported from our old content management system. If you see any display errors, please let us know:

In compliance with the JTI standards

In compliance with the JTI standards

More: SWI certified by the Journalism Trust Initiative

Contributions under this article have been turned off. You can find an overview of ongoing debates with our journalists here. Please join us!

If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at

Share this story

Change your password

Do you really want to delete your profile?