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Intel-Backed Video Platform Kaltura Gets Third Bid From Panopto

Privately held Panopto Inc. is offering to buy its Intel Corp.-backed rival, Kaltura Inc., in a deal that would value the video platform provider at $383 million.

Panopto, an education software maker owned by private equity firm K1 Investment Management, said in a letter to Kaltura’s board Thursday that it’s prepared to pay $3 a share in cash for the company, a 27% premium to Thursday’s closing price. The proposal is the firm’s third since early June, with Kaltura’s board rejecting the two previous offers.