Αρχική iptv-news Technicolor ‘exploring options’

Technicolor ‘exploring options’

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Technicolor has confirmed it is in talks after reports circulated suggesting the French digital media company was looking at a full or partial sale of its business.

“The company regularly reviews and evaluates strategic alternatives for its assets, whether acquisitions, combinations or divestments, in the best interest of its stakeholders. This may involve discussions with industry players and/or financial investors, Technicolor said in a statement, adding that it was part of an ongoing process to deliver value for shareholders.

On Friday, Reuters reported that a sale was being considered after its set-top business began to struggle amid higher prices for memory chips.

In July 2015 Technicolor acquired Cisco’s set-top box business in a €550 million deal.

Technicolor stressed that any discussions are at a preliminary stage. No strategic decision or commitment has been made.



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