Kudelski not interested in selling OpenTV stake
June 12, 2009
The 'round robin' on the OpenTV non-takeover by its biggest shareholder continues. The Kudelski Group, has commented on Discovery Group's recommendation that OpenTV buys out Kudelski Group's stake in OpenTV:
"The Kudelski Group confirms that it is not interested in selling its shares of OpenTV…Kudelski Group reiterates its commitment to remain OpenTV's controlling shareholder and to protect its investment by undertaking all necessary measures to ensure its long-term success."
Earlier this month Open's other shareholders, including Discovery, rejected as inadequate an offer from Kudelski for the whole company.