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The company states that Panopto's bid "significantly undervalues Kaltura and does not recognize the strength of our business today, nor our compelling future prospects."
After receiving an offer to purchase worth $383 million from rival US video platform Panopto, Israeli video cloud platform Kaltura has adopted a 'poison pill' plan.
Kaltura completes flotation at $1.34b valuation globes.co.il - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from globes.co.il Daily Mail and Mail on Sunday newspapers.
Kaltura sets lower terms for Nasdaq IPO globes.co.il - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from globes.co.il Daily Mail and Mail on Sunday newspapers.
The Tech Ventures That Made Incoming Israeli PM Naftali Bennett a Millionaire algemeiner.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from algemeiner.com Daily Mail and Mail on Sunday newspapers.
Kaltura files again for Nasdaq IPO The Israeli video cloud management company has refiled its prospectus after postponing its IPO at the end of March. Israeli video cloud management company Kaltura is not giving up on its Nasdaq Initial Public Offering (IPO) despite postponing its first attempt at the end of March, probably because of lower than expected demand. Kaltura has re-submitted its prospectus although no share prices or company valuation was specified. In its first attempt, the company planned to raise between $244 million and $278 million at a company valuation of about $2 billion, including the sale of shares by the company's founders as part of the IPO.