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NEW YORK Macrovision Solutions has sold the TV Guide Network and its Web site to an investment group that includes former Dick Clark Prods. CEO Allen Shapiro for $255 million.
The purchase price can fluctuate based on factors like a $45 million earn-out provision through 2012. Shapiro and his ally in the deal, One Equity Partners, said the transaction should close by April 1.
Macrovision, a company best known for its anti-piracy technologies, has been selling off pieces of Gemstar-TV Guide since acquiring it a year ago for $2.8
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