TVGuide.com, Cable Channel Go For $300 Million

TV producer Allen Shapiro and private equity firm One Equity Partners agreed to buy TVGuide.com and the TV Guide cable channel from Macrovision for $300 million.

Macrovision only acquired the pair when it bought Gemstar-TV Guide for $2.8 billion in January.

In October, it lent private equity firm OpenGate Capital $9.5 million so the PE firm would buy TV Guide Magazine for $1 and assumption of debt.

See Also:
PC Magazine Goes Out Of Print

NOW WATCH: Tech Insider videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.

Tagged In

media sai-us