Thursday, March 12, 2009

BVI registered OpenTV Corporation received proposal from Kudelski SA

BVI-registered OpenTV Corp., a leading software and technology provider of advanced digital television solutions, reported that on February 27, 2009 it received a non-binding proposal from Kudelski SA to acquire all of the Class A ordinary shares of OpenTV Corp., which are not currently owned by Kudelski or its affiliates. The company proposed purchase price of $1.35 per share in cash.

The Board of Directors of the BVI corporation will consider the proposal on the meeting. OpenTV indicated that it does not intend to comment further at this time.

OpenTV is one of the world's leading providers of advanced digital television solutions dedicated to creating and delivering compelling viewing experiences to consumers of digital content worldwide.