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The board of directors of Los Angeles-based television media company Macrovision has unanimously approved the purchase of Gemstar-TV Guide for $2.8 Billion in cash and stock.  News Corp., which owns some 40%, of Gemstar-TV Guide will vote in favor of the deal, which may close as early as the second quarter of 2008.  Macrovision plans to make TV Guide’s information available to consumers on a variety of electronic devices.  There was no news on Macrovision’s plans for the print magazine.  Shares of both Macrovision and Gemstar-TV Guide dropped sharply on the news today.  The New York Times  (Dec. 7, 2007)

Tags: Gemstar-TV Guide, Macrovision, TV Guide

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