Previous Bidder Takes Minority Stake In TV Guide Network for $123M

Previous Bidder Takes Minority Stake In TV Guide Network for $123M

The sell-off of TV Guide has taken another strange turn.

Film entertainment studio Lionsgate today said it has sold a 49 percent stake in the TV Guide Network and TVGuide.com to Allen Shapiro and One Equity Partners for $123 million in cash.

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