Belden to divest Grass Valley

Grass Valley makes statement in response to Beldon Inc. divestment announcement
Grass valley Belden Inc, Grass Valley, Belden Inc. Grass VAlley divestment


Belden Inc. has announced its intention to divest the Grass Valley media technology business.

A press statement from Grass Valley was released by the company.

The statement read: "The move is a positive one for Grass Valley, its employees and customers. Grass Valley is a market leader in the media technology business and a profitable operation with top quartile EBITDA performance. Grass Valley is the world’s leading media technology supplier with uniquely strong customer and partner relationships. This makes Grass Valley an attractive investment to those interested in the media tech space and Belden has been actively discussing options with interested parties during 2019.

Grass Valley does not expect this announcement to disrupt its current operations and will continue to focus on meeting the needs of customers, partners and employees."

Belden will immediately begin reporting Grass Valley as a “discontinued operation” on its income statement.

Grass Valley has stressed that this does not in any way imply that Grass Valley is going out of business. 

Most Popular

Editor's Choice

StarzPlay’s tech powers India’s Lionsgate Play
Provides managed services, developed by StarzPlay, to mark successful launch of Lionsgate Play ...
Subscribe to Digital Studio Middle East
The latest editor of Digital Studio Middle East, the foremost and most respected platform for ...
Dubai's Faisal Hashmi working on feature film
10 short films in 10 years has earned Faisal Hashmi international plaudits at film festival, ...

Don't Miss a Story