Update On Proposed Acquisition of OpenTV by Tripp Levy PLLC

NEW YORK, Oct. 5, 2009 (GLOBE NEWSWIRE) -- Tripp Levy PLLC announces an investigation into the proposed acquisition of OpenTV Corp. OPTV. On October 5, 2009, The Kudelski Group announced that it has commenced a tender offer to acquire all of the outstanding Class A shares of common stock of OPTV that it does not currently own for $1.55 per share in cash. Kudelski and its subsidiaries own approx. 13.4% of OPTV's Class A shares and 100% of OPTV's Class B shares, which together represent approx. 32.3% of the outstanding shares of OPTV and 77.2% of the voting power of OPTV shares. Kudelski said that the offer is not conditioned on a minimum number of Class A shares being tendered, nor does the offer required OPTV board approval.

The investigation concerns whether the consideration to be paid to OPTV shareholders is grossly unfair, inadequate, and substantially below the fair or inherent value of ORH. The investigation further concerns whether Kudelski as well as certain members of OPTV, may have breached their fiduciary duties by not acting in OPTV shareholders' best interests in connection with the sale process of OPTV.

If you are a current holder of OPTV and would like additional information concerning this proposed transaction, including your rights, please feel free to contact us at the information below.