Macrovision buy TV Guide Network
December 19, 2008
Macrovision Solutions Corporation, a digital entertainment specialist, has reached an agreement to sell its TV Guide Network property to Allen Shapiro and One Equity Partners for approximately $255 million, plus up to an additional $45 million payable through earn-out provisions through 2012. The transaction, expected to close no later than April 1st, 2009, includes the TV Guide Online (tvguide.com) business.
TV Guide Network is the 19th most distributed network and available in 83 million homes. TV Guide.com is one of the fastest-growing online entertainment destinations with over 15 million monthly unique visitors.