• Most Popular
  • Most Shared

UPDATE 1-Macrovision to sell TV Guide Magazine

Mon Oct 13, 2008 4:50pm EDT

(Recasts; adds details, share movement)

Stocks  |  Mergers & Acquisitions

Oct 13 (Reuters) - Software maker Macrovision Solutions Corp MVSN.O said it agreed to sell its TV Guide Magazine to private-equity firm OpenGate Capital.

The terms of the deal, which is expected to close Dec. 1, were not disclosed.

Macrovision also said no gain or loss would be recognised for financial reporting purposes as a result of the divestiture.

Shares of the company closed at $13.67 Monday on Nasdaq. (Reporting by Deepti Govind in Bangalore; Editing by Amitha Rajan)

Stocks
Mergers & Acquisitions


More from Reuters

Photo

Obama blames "systemic failures" for plane attack

KANEOHE, Hawaii (Reuters) - President Barack Obama on Tuesday blamed "human and systemic failures" for allowing a botched Christmas Day attack aboard a Detroit-bound airliner and a U.S. official said the incident was linked to al Qaeda. | Video

» More Top News
A man passes by a logo of the Tokyo Stock Exchange at the bourse in Tokyo December 29, 2009. REUTERS/Yuriko Nakao

Tokyo trade gets turbocharged

The "Arrowhead" gives Asia's largest -- and long derided -- bourse a viable electronic trading platform, it hopes.  Full Article 

Global Markets
REUTERS/James Saft
JAMES SAFT:

Welcome to the "Teenies"

Shrinking financial sector? Paltry investment returns? Welcome to the the next decade. Don't worry, there's some good news, too.  Commentary 

COMMENTARY