Kudelski Group Completes Acquisition of Controlling Interest in OpenTV Corp.
17 1월 2007 - 11:00AM
PR Newswire (US)
CHESEAUX, Switzerland and SAN FRANCISCO, Jan. 16
/PRNewswire-FirstCall/ -- Kudelski Group (SWX Swiss Exchange:
KUD.VX), a global leader in content protection and related digital
television technologies, announced today that it closed its
previously announced stock purchase transaction with Liberty Media
Corporation (NASDAQ:LINTANASDAQ:LCAPA) and has acquired voting
control of OpenTV Corp. (NASDAQ:OPTV), a leading provider of
solutions for the delivery of digital and interactive television.
OpenTV will continue to maintain its listing on the NASDAQ Global
Market. The transaction aligns two global digital television
technology leaders who, together, will be able to deliver fully
integrated products and solutions to the world's digital TV
operators, spanning conditional access software, middleware,
interactive applications, and advertising. At the same time, the
transaction enables both companies to continue operating
independently, supporting efforts to serve some customers on a
standalone basis as their requirements dictate. In connection with
the transaction, Joseph Deiss, Lucien Gani, Alan A. Guggenheim,
Andre Kudelski, Mercer Reynolds, Pierre Roy and Claude Smadja were
appointed to serve on OpenTV's Board of Directors, and Robert R.
Bennett, Anthony G. Werner and Michael Zeisser resigned from
OpenTV's Board of Directors. About the Kudelski Group The Kudelski
Group (SWX:KUD.VX), is a world leader in digital security. Its
technologies are used in a wide range of applications requiring
access control and rights management, whether for securing transfer
of information (digital television, broadband Internet,
video-on-demand, interactive applications, etc.) or to control and
manage access of people or vehicles to sites and events. The
Kudelski Group is headquartered in Cheseaux-sur- Lausanne,
Switzerland. For more information, please visit
http://www.nagra.com/ . About OpenTV OpenTV is one of the world's
leading providers of solutions for the delivery of digital and
interactive television. The company's software has been integrated
in over 73 million digital set-top boxes around the world. The
software enables enhanced program guides, video-on-demand, personal
video recording, enhanced television, interactive shopping,
interactive and addressable advertising, games and gaming and a
variety of consumer care and communication applications. For more
information, please visit http://www.opentv.com/ . DATASOURCE:
OpenTV, Inc. CONTACT: Barbara Cassidy of OpenTV, +1-415-962-5000,
or ; or Brian Schaffer of Brainerd Communicators, Inc.,
+1-212-986-6667, or , for OpenTV; or Santino Rumasuglia,
+41-21-732-01-24, or , or Anne-Sophie Schlachter, +41-21-732-07-38,
or , both of Kudelski Group Web site: http://www.opentv.com/
http://www.nagra.com/
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