Friday, December 7, 2007

Macrovision Buys Gemstar-TV Guide For $2.8B

Santa Clara-based Macrovision and Los Angeles-based Gemstar-TV Guide International announced today that Macrovision has agreed to acquire Gemstar-TV Guide for $2.8B in cash and stock. The firms said that the deal is expected to close in early Q2. Macrovision will pay $6.35 in cash, or 0.2548 shares of common stock in a new holding company to acquire Gemstar. Gemstar-TV Guide International is a provider of interactive programming guide technology and patents, along with consumer TV Guide properties; Macrovision sells digital rights management, software licensing, and software install products. According to the firms, Macrovision's Fred Amorosa will serve as President and CEO of the firm, and Macrovision's James Budge as CFO.