Israel's Scopus Video Networks has agreed to acquire the digital video and streaming business assets of Optibase, a fellow Israeli company that is the principal shareholder of Scopus. The buyout will be stock-based, with Scopus buying the business holdings for 2.6 million ordinary shares "plus an earn-out of up to 0.9 million additional shares based on the achievement of sales goals," according to a post at IPTV News. The deal will result in Optibase owning about 46 percent of Scopus' outstanding ordinary shares, a boost of 10 percent from its current holdings. Scopus said the deal will offer the company synergies and broader potential product offerings.
- see this coverage at IPTV News