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Macrovision Sells TV Guide

13 Oct, 2008 By: Erik Gruenwedel

Macrovision Corp. Oct. 13 said it reached a deal to sell venerable TV Guide magazine to OpenGate Capital, a Los Angeles-based private equity firm, for an undisclosed price.

The transaction is expected to close Dec. 1.

Santa Clara, Calif.-based Macrovision, which acquired parent Gemstar-TV Guide International last December in a cash and stock deal valued at $2.8 billion, said the weekly consumer magazine never figured in its strategic plan going forward.

Macrovision said it eyes Gemstar’s interactive technologies, including program guides and related connected services, for a suite of home entertainment products that will help consumers search and access online movies, videos, TV shows, music and photos.

“The TV Guide divestiture marks a significant milestone towards achieving that goal,” said Fred Amoroso, president and CEO of Macrovision.


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