Harmonic has agreed to buy Omneon to create a company providing end-to-end video content storage, processing and delivery for some of the top media companies, the Financial Times reports.
The $274 million purchase includes $190 million in cash. Closely held Omneon specializes in storing and processing video content, and its customers include the BBC, BSkyB, CBS and News Corp. Harmonic provides live and on-demand video delivery to personal computers.
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