SeaChange International Inc. said Thursday that Comcast Corp. had completed
its $10 million cash investment, first announced in December.
In exchange for that investment, Comcast received 756,144 shares of SeaChange
common stock, plus a warrant to purchase 100,000 additional shares at a price of
$13.225 apiece, the companies announced.
In addition, Philadelphia-based Comcast Cable Communications Inc., the No. 3
MSO, has placed an initial order of interactive-television systems as part of
its long-term master purchase agreement with the vendor.
Those systems will figure in the operator's launch of video-on-demand later
this year, according to Comcast Cable president Steve Burke.
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