Tuesday, January 6, 2009

Macrovision Shuffles TV Guide Deal

Santa Clara-based Macrovision said Monday that it has terminated its December 18th deal to sell its TV Guide Network and TV Guide Online properties to a consortium of private equity firms, and instead, will sell TV Guide to Lionsgate. According to Macrovision, Lionsgate will pay $255M for TV Guide Network and TV Guide Online, the television guide network Macrovision acquired when it bought Gemstar-TV Guide. Macrovision said that the change would "improve the probability and timing of closing the transaction." Macrovision originally had announced that it would sell the properties to Allen Shapiro and One Equity Partners.