News Corp sells stake in Macrovision

News Corp has sold its 19% stake in software maker Macrovision to unnamed existing and new investors.

News Corp’s 19m Macrovision shares were placed through a broker-dealer, says Macrovision. News Corp has yet to reveal how much it received for the stake. Macrovision’s stock closed at USD15.11 per share yesterday (Jun 5), up 4.84% from the day before, after rising steadily from Monday’s USD13.50 closing price.

Based in California, Macrovision develops software for the management and distribution of digital content. Its products include interactive TV programme guides, media recognition solutions and set-top box software. The firm generated revenues of USD32.2m in Q1, down from USD36.6m in the same quarter in 2007. However, operating profit was up year-on-year, totalling USD31.4m in the last quarter, compared to USD29.5m in Q1 2007. Net income in the quarter was USD6.3m, an increase from USD5.7m one year earlier.

Published by Reinout te Brake

Reinout is a games investor and strategic business consultant specializing in the games industry. Reinout established his credentials through his own successful investments, start-ups, consulting and (advisory) board positions that led through time to strong bonds with key stakeholders in this fast paced industry. He is known for his outstanding results in the gaming industry. He has worked with many game studios around the globe and is therefore well known in the international gaming industry. Check out his games podcast; https://www.game-consultant.com

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