SeaChange (SEAC) Sells On Demand Group to Avail-TVN in $27M Deal

May 21, 2012 4:06 PM EDT
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.

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