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Macrovision's Buy of Gemstar Approved

30 Apr, 2008 By: Chris Tribbey

Macrovision Corp. is acquiring Gemstar-TV Guide International. Macrovision also said that it had arranged for $650 million in debt financing to complete the deal.

“We are gratified that the stockholders voiced their support for this transaction and for our vision for the combined companies,” said Macrovision President and CEO Fred Amoroso. “We are eager to continue our path to closing the transaction and moving forward as a combined company.”

The acquisition of Gemstar-TV Guide is expected to be final May 2.

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