CBS Corporation acquired the rest of TV Guide Digital

CBSCBS Corporation has wholly acquired TV Guide Digital, which includes the and TV Guide Mobile properties. In March Fusion DigiNet reported that CBS took over the TV Guide stake held by One Equity Partners, the private-equity arm of J.P. Morgan Chase, which owned 49% of the company, with the option to buy another 1%. CBS was said to be paying about $100 million for the 49% stake.

Under the terms of the new deal, CBS Corporation has acquired the remaining 50 percent stake in TV Guide Digital shares from tvguide_logo_tatLionsgate. CBS and Lionsgate’s 50/50 partnership for the highly distributed TVGN cable network, announced on March 26, will continue. and the TV Guide Mobile apps will become part of CBS Interactive’s Technology, Games and Lifestyle group.

“TV Guide is one of the most-enduring and iconic brands in the world of television and video, and we’re proud to welcome TV Guide Digital to the CBS Interactive family,” said Jim Lanzone , President of CBS Interactive. “ and TV Guide Mobile have the biggest and most-engaged audiences in the valuable TV information category, making them a perfect fit for our portfolio of premium content brands.”

USA, Los Angeles, CA & San Francisco, CA

Related articles:

%d bloggers like this: