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NEW YORK Macrovision has pulled the plug on a preexisting deal to sell TV Guide Network, opting instead to unload the property to the film studio Lionsgate in exchange for $255 million in cash.
Three weeks ago, Macrovision announced it would sell the program-listings network to a group of investors led by producer Allen Shapiro and One Equity Partners, J.P. Morgan Chase’s $8 billion private equity fund. In a statement released early Monday evening (Jan. 5), Macrovision president and CEO Fred Amoroso said a Lionsgate deal would make for a swifter, easier close than the previously announced Shapiro/One Equity agreement.
“We
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