OpenTV’s board of directors has rejected the bid by Kudelski SA to acquire it as “inadequate.” Kudelski, which owns a 26.7 per cent stake and holds 74.7 per cent of the voting rights in OpenTV, in February offered to buy the rest of OpenTV’s share at $1.35 per share in cash. Stock closed at $1.74 earlier this week.

OpenTV said the offer was “not in the best interests of the company and its stockholders.” Switzerland-based Kudelski owns Nagravision.

Other posts by :

1. SES predicts end of ‘big’ Geo satellites
2. Amazon Leo gets approval for 4,504 extra satellites
3. SpaceX gets a portion of India
4. TerreStar wants to build LEO network
5. Musk: “No Starlink phone”
6. Russia accused of eavesdropping on satellites
7. FCC welcomes Musk’s 1m satellite plan
8. Telesat has problems with an LEO
9. Orbital debris a real danger 

Categories: Articles, Business, CA/DRM, Content, M&A