TVGuide No More: Macrovision's Acquisition Of Gemstar Complete; To Be Called Macrovision Solutions
This story was written by Rafat Ali.
TV Guide's fate still hangs in balance, as Macrovision's (NSDQ: MVSN) acquisition of Gemstar-TV Guide completed today...the new resulting company will be called Macrovision Solutions Corp. No added word about what will happen to the TV Guide side of the business (print and TV channels), but it is clear Macrovision wants to retain the TVGuide.com site and its sister online sites (as we first reported here). A PR rep would not comment further on my queries.
Shares of Macrovision Solutions will begin trading on Nasdaq on May 5 under the temporary ticker symbol "MVSND." On June 2, the "D" will be removed and the shares will resume trading under the symbol "MVSN." Former Macrovision stockholders now own approximately 53 perccent and former Gemstar-TV Guide stockholders own approximately 47 percent of Macrovision Solutions Corp. More details in release.
By Rafat Ali