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

POTENTIAL DEAL DETAILS

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.

Update(s):

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.

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