Macrovision to acquire Gemstar-TV Guide

Digital security company Macrovision has announced that they are now going to acquire Gemstar-TV Guide.

The deal is worth around $2.8 billion and it would help the company in speeding up the delivery of home entertainment services.

As part of the deal, Gemstar-TV Guide shareholders would get $6.35 per share in cash. They also have the option of taking 0.2548 of a share of common stock in a new holding company instead.

This price point is around a 6 percent premium over prevailing stock price at the exchange.

After the deal is complete, Macrovision’s shareholders would own around 53 percent of the combined company.

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