According to Bloomberg, Panopto offering to buy its Intel Corp. backed rival Kaltura (KLTR)

  • July 29, 2022


StockKaltura, Inc.SymbolKLTR
Date Announced07/28/2022Source Bloomberg
TypeUnsolicited BidAcquiring Company/Person Panopto

Privately held Panopto Inc. is offering to buy its Intel Corp.-backed rival, Kaltura Inc. (KLTR), in a deal that would value the video platform provider at $383 million.


September 2, 2022: Kaltura Inc. (KLTR), announced that its Board of Directors, after a careful and thorough review conducted in consultation with its independent financial and legal advisors, has unanimously determined that the previously disclosed non-binding, unsolicited proposal received from Panopto, Inc., in which Panopto would acquire all of the Company’s outstanding common stock of Kaltura at a purchase price of $3.00 per share in cash, significantly undervalues Kaltura and therefore is not in the best interests of shareholders.

Disclaimer: Our intent with this section of the website is to present potential deals that appear to be in the pipeline. These potential deals are ones where i) the company has indicated that it is "seeking strategic alternatives", ii) there has been an unsolicited bid for a company as mentioned in a press release by the company or iii) news about the deal has been published by a leading news organization like The Wall Street Journal, The New York Times, Bloomberg, Financial Times, The Washington Post, Reuters and The Associated Press. As best as possible we will try to avoid baseless rumors. There is a high probability that many of these potential deals may not materialize and if they do, the terms of the deal may be different from what was initially reported. Please do your own due diligence before buying or selling any securities mentioned on this website. We do not warrant the completeness or accuracy of the content or data provided.