SeaChange (SEAC) Sells On Demand Group to Avail-TVN in $27M Deal
SeaChange International, Inc. (NASDAQ: SEAC) today announced that it has sold its media services company, On Demand Group (ODG), to Avail-TVN for $27 million on a cash-free, debt-free basis. U.K.-based On Demand Group, specializing in content aggregation and management of VOD services, becomes part of Avail-TVN effective immediately.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- IBM (IBM) to Sell Global Commercial Semiconductor Technology Unit
- Asterias Biotherapeutics (AST) Signs NGA with CIRM
- Henry Schein (HSIC) Makes Investment in Iwase Dental Supply
Create E-mail Alert Related CategoriesCorporate News, Mergers and Acquisitions
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!