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Article: Macrovision, Allen Shapiro and One Equity Partners Ink Pact for Sale of TV Guide Network
- Article from:
- Wireless News
- Article date:
- January 2, 2009
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Wireless News
01-02-2009
Macrovision, Allen Shapiro and One Equity Partners Ink Pact for Sale of TV Guide Network
Type: News
Macrovision Solutions Corp., a digital entertainment technology leader, announced that it has reached an agreement to sell its TV Guide Network property to Allen Shapiro and One Equity Partners for approximately $255 million in consideration, subject to a working capital adjustment at closing, plus up to an additional $45 million payable through earn-out provisions through 2012.
The transaction, expected to close no later than April 1, 2009, includes the TV Guide Online (tvguide.com) business, certain indemnifications and is subject to customary closing conditions.
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