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Stock impact report

SeaChange to be Acquired by Partner One [Yahoo! Finance]

SeaChange International, Inc. (SEAC) 
Last seachange international, inc. earnings: 4/6 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.schange.com
Company Research Source: Yahoo! Finance
delivery, advertising, streaming platforms, and emerging Free Ad-Supported Streaming TV services (FAST) development, has entered into an asset purchase agreement (the “Purchase Agreement”) under which an affiliate of Partner One, one of the fastest-growing software conglomerates in the world, will acquire substantially all of SeaChange's assets related to its product and services business (the “Asset Sale”), and will assume certain liabilities, for a purchase price of $30 million, less SeaChange's cash and cash equivalents at closing (the “Closing”). SeaChange has traditionally supported clients' Operator TV systems, Advanced Advertising insertion platforms, the StreamVid streaming enablement solution, and the Xstream FAST channel service platform. The Company currently expects the transaction will result in net proceeds to SeaChange of between $13-15 million upon Closing. The Asset Sale, which has been approved by SeaChange's Board of Directors (the “Board”), is subject to variou Show less Read more
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