Technicolor Receives a Binding Offer From Francisco Partners for Grass Valley Broadcast Business

Further to discussions started in May, Technicolor (Euronext Paris: 18453) /quotes/comstock/13*!tch/quotes/nls/tch (TCH 5.44, +0.01, +0.18%) has received a fully documented binding offer from Francisco Partners for the acquisition of the Grass Valley Broadcast business. This disposal process contributes to the strategic refocus around its content creators and network service providers customer base, initiated by the Group in 2009.