Macrovision is buying television listings provider Gemstar-TV Guide International for $2.8 billion in cash and stock. They say the combined company will allow consumers to pull up a guide on their TV and receive personalised content and information regarding favourite TV shows, read movie reviews before purchasing or renting a film, view personal photos, or tap into personal music libraries.

Plans for Gemstar-TV Guide’s print operations weren’t disclosed. News Corp which owns about 41 per cent of Gemstar-TV Guide, has agreed to vote in favour of the deal.

Macrovision’s Fred Amoroso will continue as president and chief executive of the new company while Gemstar-TV Guide CEO Rich Battista will leave the organisation upon closing of the acquisition.

Other posts by :

1. FCC eyes freeing up Weird Space Stuff spectrum
2. SES happy with releasing 160MHz of spectrum for 5G
3. Inmarsat “likely to win appeal” over Ligado/AST action
4. FCC seeks fair play over foreign satellite access
5. Bank raises RocketLab target price
6. Paramount throws kitchen sink
7. Ukraine wants its own LEO system
8. SpaceX outlines Starlink cellular delivery plan
9. NAB vs CTIA on C-band release

Categories: Articles, Business, M&A