Lionsgate Agrees to Buy TV Guide

Jan 6, 2009  •  Post A Comment

Lionsgate Entertainment Corp. agreed to buy TV Guide Network and TVGuide.com for $255 million in cash from Macrovision Solutions Corp., replacing an earlier agreement to sell the properties to an investment group, Bloomberg News reports. Macrovision said the advantage to selling to Lionsgate was a faster closing, while Lionsgate Chief Executive Officer Jon Feltheimer said his company wants to diversify.
—Aimee Picchi

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