Macrovision Sells TV Guide Network
Santa Clara-based Macrovision said this morning that it has sold its TV Guide network properties to Allen Shapiro and One Equity Partners. The deal is worth $255M, plus up to $45M in earnout. The deal includes tvguide.com and the TV Guide Network properties. Macrovision acquired TV Guide as part of its buy of Gemstar-TV Guide in December of last year; part of that buy was Gemstar-TV Guide's interactive programming guide technology, which matches with Macrovision's digital rights management and related software. Macrovision said it will retain certain on-line elements of the TV Guide business, including its licensing of the online guide to other portals and embedding of its guidance products.
posted on Thursday, December 18, 2008
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