HARMONIC INC. 8-K

What Happened Harmonic Inc. (HLIT) filed a Form 8-K (Regulation FD Disclosure) on June 8, 2026 confirming that, as previously announced, it entered into an Asset Purchase Agreement on March 20, 2026 to sell its Video Business to Leone Media Inc. (d/b/a MediaKind) for $145 million in cash, subject to customary purchase price adjustments. The company said the transaction remains on track to close in the second quarter of 2026, subject to satisfaction of remaining customary closing conditions. The filing was signed by CFO Walter Jankovic.

Key Details

• Buyer: Leone Media Inc. (doing business as MediaKind).
• Purchase Price: $145 million in cash, subject to customary adjustments.
• Agreement Date: Asset Purchase Agreement executed March 20, 2026.
• Timing: Transaction expected to close in Q2 2026, subject to remaining closing conditions.

Why It Matters This is a material divestiture of Harmonic’s Video Business — the $145M cash consideration, if finalized, will affect the company’s cash position and strategic focus. The deal is not yet closed and remains subject to customary adjustments and closing conditions, so investors should watch for a closing announcement and any updated financial disclosures that show how proceeds are used and how the sale affects future revenues and operations. The 8-K provides confirmation but no additional financial results or guidance.