| MUMBAI:
Film and television studio Lionsgate has agreed to buy Macrovision Solutions Corp’s
TV Guide and TV Guide Network for $255 million in a bid to expand its growth across
the cable television business. The
finalisation of the deal also sees Macrovision terminating its earlier agreement
in December to sell the properties to Allen Shapiro and One Equity Partners for
the same price. According
to analysts, macrovision’s deal with Lionsgate is better as the closing date
of the deal is 28 February, which is sooner than the other deal.
Lionsgate has
stated that it would pay with existing cash and available funds. "The
closing is not subject to financial performance requirements," the companies
said in a joint statement. Meanwhile,
Macrovision will continue licensing its online guide to other portals. | 
