UPDATE 1-Macrovision to sell TV Guide Magazine

(Recasts; adds details, share movement)

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)