Kaltura Confirms Receipt of Unsolicited Buyout Proposal from Panopto.
MANews-(C)2009-2022
US-based on-demand video products provider Kaltura Inc. (NASDAQ: KLTR) on Friday said it "is aware" of a public announcement made by Panopto, Inc., a private company owned by K1 Investment Management, LLC, regarding a non-binding, unsolicited proposed business combination transaction in which Panopto would acquire all of the company's outstanding common stock at a purchase price of USD 3.00 per share in cash.
Kaltura said it board of directors will evaluate the proposal in due course.
The company added it continues to execute on its strategy to power video experiences for learning, collaboration, entertainment, and events for organizations around the world.
Kaltura's Video Experience Cloud offers live, real-time, and on-demand video products for enterprises of all industries, as well as...
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