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NEW YORK Macrovision, a provider of digital content management products, has agreed to acquire Gemstar-TV Guide for about $2.8 billion in cash and stock, the companies said Friday.
Gemstar CEO Rich Battista will leave the company once the deal closes. Macrovision president and CEO Fred Amoroso will run the merged entity and keep the same titles.
A sale of the programming guide firm has been expected since 41 percent shareholder News Corp. earlier this year pushed for a strategic review.
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