[Satellite Today 03-13-09] Harmonic Inc., a provider of broadcast and on-demand video delivery solutions, completed its acquisition of Scopus Video Networks Ltd. for $5.62 per share in cash, Harmonic announced March 12.
    Harmonic said the purchase price represents an enterprise value of about $50 million, net of Scopus’ cash and short-term investments, and that the acquisition strengthens its position in the broadcast contribution and distribution markets by increasing its global customer base.
    Harmonic said it continues to expect cost synergies of $8 million to $10 million on an annualized basis once Scopus becomes fully integrated. The transaction is expected to be accretive to Harmonic’s earnings in 2009.