Macrovision closes on Gemstar-TV Guide, assumes new name, ticker symbol

Macrovision Solutions Corp. - the new company created after the purchase of Gemstar-TV Guide Inc. by Macrovision Corp. - began trading its new stock Monday under a temporary ticker symbol.

The company (NASDAQ: MVSND) will remain under the "MSVND" symbol until June 2, when it will revert back to Macrovision's "MSVN" symbol.

The $2.8 billion purchaseclosed Friday afternoon.

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"Gemstar-TV Guide adds important capabilities to our existing portfolio and roadmap for the digital entertainment market. The combination of the two organizations extends the offerings that support the entire value chain associated with providing and managing consumer and commercial content while driving the advancement of the connected home," Fred Amoroso, CEO and president of Macrovision, said in a statement.

Former Macrovision stockholders now own approximately 53 percent and former Gemstar-TV Guide stockholders own approximately 47 percent of the new Santa Clara-based Macrovision Solutions Corp.