BREAKING: Macrovision Sells Off TV Guide Network For Up To $300 Million; Shocker: Also Sells Online
This story was written by Rafat Ali.
Macrovision (NSDQ: MVSN) is done with most of its dispositions, and after selling off its TV Guide magazine for $1, is getting considerably more for the namesake TV network and the online part: it has sold off TV Guide Network to Allen Shapiro and One Equity Partners for about $255 million, plus up to an additional $45 million earnout payable through 2012. The surprise part: after professing love for TVGuide.com network for the last couple of quarters, it is now washing its hands off, and bundled it as part of this TV network sale. More to come
By Rafat Ali