OpenTV’s Special Committee Appoints Financial and Legal Advisors
March 16 2009 - 9:00AM
Business Wire
OpenTV Corp. (NASDAQ:OPTV), a leading software and technology
provider of advanced digital television solutions, announced today
that the Special Committee of its Board of Directors has appointed
UBS Securities LLC as its independent financial advisor in
connection with its review of the proposal from Kudelski SA to
acquire all of the Class A ordinary shares of OpenTV Corp. not
currently owned by Kudelski or its affiliates. In addition, the
Special Committee has retained Covington & Burling LLP to serve
as its independent legal counsel.
There can be no assurance that an agreement on terms
satisfactory to the Special Committee will result from its
evaluation or negotiation of the proposal from Kudelski SA or that
any transaction recommended by the Special Committee will be
completed.
About OpenTV
OpenTV, a British Virgin Islands company, 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. The company�s software
has been integrated in more than 121 million devices around the
world and enables enhanced program guides, video-on-demand,
personal video recording, enhanced television, interactive and
addressable advertising and a variety of enhanced television
applications. For more information, please visit
www.opentv.com.
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