Shareholders Approve Macrovision Deal for Gemstar-TV Guide

Santa Clara, Calif. -- Four months after first announcing plans to acquire Gemstar-TV Guide, Santa Clara-based Macrovision, a provider of anti-piracy technology and informational databases, said that shareholders from both companies have now approved the $2.3 billion deal. The company also said that it has landed the necessary debt financing to complete the acquisition, which includes a $550 million term loan and $100 million of senior notes. The acquisition is now expected to close on Friday. "We are eager to continue our path to closing the transaction and moving forward as a combined company," said Fred Amoroso, the president and CEO of Macrovision. The company first announced the deal to acquire Los Angeles-based Gemstar-TV Guide in December, and received regulatory approval in January.
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