Los Angeles-based private equity firm The Gores Group said Monday afternoon that it has acquired Harris Broadcast Communications, a supplier of hardware and software to create, manage, transmit, and distribute video content. The deal had been announced in December, and was worth $225M. Harris Broadcast Communications was formerly a division of Harris Corporation, and will become its own, stand-alone company with the deal. Harris Broadcast Communications said it will use the buy to "move the business forward" and help drive innovation, streamline operations, and improve customer service.
Top NewsTuesday, February 5, 2013
The Gores Group Buys Harris Broadcast Communications