Macrovision Solutions Corp. (NASDAQ:MVSN)
has agreed to buy the assets of Muze Inc. for $16.5 million in cash, the digital entertainment company said after the markets closed Wednesday.
Macrovision said the acquisition will help build its offerings of entertainment metadata, which is data that aids and enables users to search for and find the relevant content they are after. Specifically, Muze will help build Macrovision's portfolio of European content metadata.
Muze, a kind of
entertainment database creator, was acquired by Enterprise Partners Venture Capital in 2005 for an unspecified amount. Founded in 1990 with angel investment money, Muze was acquired in 1992 by Metromedia Co. owners John W. Kluge and Stuart Subotnick. The company licenses its
database and sells custom e-commerce applications to major online
retailers and online entertainment companies. Muze acquired digital music company Loudeye Corp.'s U.S. assets for $11 million in 2006.
Macrovision said the transaction will contribute about $15 million and 10 cents to 2010 revenue and adjusted proforma earnings per share, respectively.
- Olaf de Senerpont Domis
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