Zoran/Microtune
On September 8, 2010, Zoran Corporation (Nasdaq: ZRAN) announced that they had entered an agreement to acquire Microtune (Nasdaq: TUNE) for $2.92 per share in cash. Total value of the transaction is $166 million, or $84 million net of cash acquired.
Zoran expects the acquisition to be accretive immediately following the close of the deal, which is expected to be in the fourth quarter of 2010.
Both boards have approved the merger.
Zoran expects the acquisition to be accretive immediately following the close of the deal, which is expected to be in the fourth quarter of 2010.
Both boards have approved the merger.
SeaChange International Names Raghu Rau Permanent Chief Executive Officer
Software Focused Strategy to Continue ACTON, Mass.--(BUSINESS WIRE)-- SeaChange International, Inc. (NASDAQ: SEAC), the leading global multi-screen video software company, today announced that Raghu Rau has been appointed permanent Chief Executive Officer of SeaChange effective May 1, 2012. First appointed interim CEO of SeaChange in November 2011, Rau has led an aggressive strategy to focus the Company on its core software business, delivering innovative software solutions for video service providers globally in cable, IPTV, and mobile while significantly reducing the overall cost structure of the company. Rau will ...
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