Macrovision to raise debt for Gemstar deal-filing

Fri Dec 7, 2007 9:20am EST
 
[-] Text [+]

NEW YORK, Dec 7 (Reuters) - Macrovision Corp MVSN.O said on Friday it plans to raise $800 million in new debt to help finance its estimated $2.8 billion cash-and-stock deal for television listing company Gemstar-TV Guide International Inc GMST.O, according to a regulatory filing.

Macrovision said it would target annual revenue growth of 10 percent to 15 percent on a proforma basis, according to a slide presentation filed with the U.S. Securities and Exchange Commission. (Reporting by Michele Gershberg, editing by Gerald E. McCormick)

 

Featured Broker sponsored link

Analysis

Sheikh Mohammed bin Rashid al-Maktoum (C), Ruler of Dubai and United Arab Emirates' Vice President, attends the opening ceremony of Metro Dubai September 9, 2009.  REUTERS/Dubai Ruler Media Office/Handout
"Dubai model" was the vision of one man

The "Dubai model" -- building shining cities in the desert at breakneck speed through the import of foreign residents, finance and labor -- is now on the ropes.  Full Article