Tuesday, December 11, 2012

Gores Buys Harris Broadcast Communications

Los Angeles-based private equity firm The Gores Group said yesterday that it is acquiring Harris Broadcast Communications, a supplier of hardware and software for managing and distributing video content, in a deal worth $225M. Gores acquired the company from Harris Corporation. Harris Broadcast Communications is based in Denver, Colorado. Gores said the buy will help the division become a "strong independent company".