One Equity Buying TV Guide Network

One Equity Partners has agreed to buy the TV Guide Network from Macrovision (Nasdaq: MVSN). The deal is valued at $255 million, plus the possibility of another $45 million in earn-out payments through 2012. It is expected to close by April 1, 2009. One Equity is partnering on the deal with Allen Shapiro, former president of Mosaic Media Group and ex-CEO of Dick Clark Productions. UBS Investment Bank ran the process for Macrovision.

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