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Comcast invests in SeaChange

Comcast has invested $10 million in digital video systems provider SeaChange International as part of a previously announced strategic partnership. In addition, Comcast placed an initial order for SeaChange's interactive TV systems as part of its long-term past purchase agreement. In exchange for the $10 million investment, Comcast got 756,144 shares of SeaChange Common stock and a warrant to purchase 100,000 shares at $13.225 per share.

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© 2012 Penton Media Inc.

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