Macrovision is buying television listings provider Gemstar-TV Guide International for $2.8 billion in cash and stock. They say the combined company will allow consumers to pull up a guide on their TV and receive personalised content and information regarding favourite TV shows, read movie reviews before purchasing or renting a film, view personal photos, or tap into personal music libraries.

Plans for Gemstar-TV Guide’s print operations weren’t disclosed. News Corp which owns about 41 per cent of Gemstar-TV Guide, has agreed to vote in favour of the deal.

Macrovision’s Fred Amoroso will continue as president and chief executive of the new company while Gemstar-TV Guide CEO Rich Battista will leave the organisation upon closing of the acquisition.

Other posts by :

1. OQ Tech gets Luxembourg 5G-by-Sat concession
2. Roskosmos: Heads roll, launch project scrapped
3. MDA under pressure over satellite order
4. SES backs C-band action from FCC
5. Congested orbits mean high risks of debris
6. SpaceX bids fairwell to booster 1076
7. Bank: LBG Media results “in line”
8. WBD: Surprise, surprise… not
9. SpaceX to lose Moon Lander contract?

Categories: Articles, Business, M&A