Just three weeks after its sale to TV producer Allen Shapiro's private equity firm One Equity Partners, TV Guide Channel and TVGuide.com have found another buyer in the form of Lions Gate Entertainment Corp.
Santa Monica-based Lions Gate will buy the combined properties from Macrovision for an estimated $255 million. A Lions Gate spokesperson said TV Guide's parent, tech firm Macrovision, terminated its Dec. 18 deal with Mr. Shapiro's firm Tuesday prior to the new deal.
Although the $255 million price tag is less than the $300 million Shapiro paid last month, it's still a gold mine for Macrovision compared to the $1 deal the company struck with OpenGate Capital for the sale of TV Guide magazine in October.
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