Macrovision's $2.8B Purchase of Gemstar Gets Antitrust Nod

Authored by Mark Hefflinger on January 15, 2008 - 10:07am.

Santa Clara, Calif. - Macrovision (NASD: MVSN), a provider of anti-piracy technology and informational databases on various media, said on Tuesday that its proposed $2.8 billion acquisition of interactive program guide company Gemstar-TV Guide (NASD: GMST) has passed antitrust reviews by the Federal Trade Commission and Department of Justice.

The Associated Press noted that some analysts have criticized the deal, as Gemstar has more than double the staff and revenues of Macrovision.

Both companies' shares have gone down in value since the deal was announced.

Shareholders must still approve the deal.