Macrovision Corp. [
MVSN] better hope that its $2.8 billion deal for Gemstar-TV Guide International Inc. [
GMST] comes off. The maker of digital content management company keeps selling off pieces of itself, with the latest excision a deal to
sell its casual gaming syndication business, Trymedia, to RealNetworks Inc. [
RNWK] for undisclosed terms. Macrovision on Feb. 14 also
moved to sell its licenses and installation software business to buyout firm Thoma Cressey Bravo for $200 million.
PaidContent
says the price tag of the Trymedia deal is $4 million. If so, that hurts. Macrovision
purchased the then-private company, a
distributor of downloadable video games, in 2005 for
for $34
million in cash, with a goal of enabling game publishers to distribute and promote
their products.Macrovision agreed to
acquire Gemstar-TV Guide in December for $6.35 a cash, or 0.2548 of a Macrovision share for each of the target's shares. An activist hedge fund, Loeb Partners, which owns a 2.1% stake in Macrovision, has pledged to vote against the deal. In early afternoon trade Macrovision shares were at $16.74, while Gemstar-TV Guide's stock was at $4.68.
- Alain SherterSee Feb. 22 press release via Yahoo!See Feb. 14 story from Tech ConfidentialSee Dec. 7 story from Tech ConfidentialSee Feb. 22 post from paidContentFor more see
Silicon Alley Insider and
Parks Associates
Continue reading below
