Vector Capital has agreed to take broadcast graphics company ChyronHego Corp. private to tap opportunities in the sports, news and live television markets. In a news release ChyronHego said Vector will buy
all of its shares outstanding at $2.82 each, representing a roughly 18% premium over its average closing share price for the six months ended Nov. 14. With 36.9 million ChyronHego shares outstanding as of Sept. 30,the transaction values the company at $104.1 million.
“We are very excited about working with the talented group of employees at ChyronHego to take advantage of the significant long term opportunities in broadcast graphics creation, play-out, and real-time data visualisation,” said David Fishman, managing director at Vector Capital. “We believe withstrong capital backing the company will be well positioned to capitalize on the exciting trends in the sports,news and live television markets.” ChyonHego offers a range of products for live television, news and sports production.