Francisco Partners Makes Binding Offer to Acquire Grass Valley Broadcast & Professional Business ( 27.07.2010 | 09:32:11 ) Press Release Technicolor announced today that it has received a binding offer to acquire its Grass Valley Broadcast & Professional business from Francisco Partners -- a leading technology-focused investment company that recognizes the value of the Grass Valley brand, the strength of the new and refreshed product line and the potential that can be realized through independent ownership of the company. To you, our valued customer, we would simply say this: we believe that this is positive news for our company. As we take steps towards becoming an independent business, we believe we can provide even greater focus, flexibility and agility towards our customers. We will also continue to enhance our responsiveness to you, while continuing our focus on bringing to market innovative products, integrated solutions and systems, as well as professional services and customer support structures which meet or exceed your needs in this fast-changing business. The offer to acquire the business includes the complete product portfolio, the R&D centers and manufacturing facilities, as well as all current customer contracts and support agreements – everything that is part of the Grass Valley Broadcast & Professional business. Most important, because the business depends on its ability to design, manufacture, sell and support its market-leading products, the offer of course includes the great people within Grass Valley, from the design engineers in our R&D centers to the sales and customer support teams around the globe – and the many other people in between. You will likely want to know more about the announcement or Francisco Partners, or have questions about what this news could mean for Grass Valley moving forward. To help with ongoing communication to our customers we have set up a special web page that contains information about Francisco Partners, FAQs and other pertinent information. This site will be updated continually with the latest information. You can find it at: www.grassvalley.com/greenergrass We have also posted an open letter to our customers from Jeff Rosica, the head of the Grass Valley Broadcast & Professional business, which offers you more information about the announcement.  This PDF document can be downloaded in a number of different languages by accessing the following link: Click here to download In closing, please be assured that it will continue to be business as usual for our customers and partners with respect to how they interact and conduct business with our company, and how the Grass Valley team will continue to support you. While we recently completed the celebration of our 50th anniversary – an achievement very few companies in our industry can claim – all of us at Grass Valley are looking forward to an exciting future, and continuing to serve you for another 50+ years! Information: www.grassvalley.com