Digital entertainment company Macrovision Solutions Corp. has announced today that it will purchase Muze Inc. for $16.5 million. Macrovision is expecting the deal to close by the end of April and enhance their mission of enabling consumers to continuously explore digital content, by allowing them to easily navigate and find entertainment information.
The acquisition is forecasted to add $5 million to its 2009 revenue estimates, with their expected sales now ranging from $440 million to $480 million for the year. According to a poll by Thomson Reuters, analysts are foreseeing average adjusted earnings of $1.27 per share on sales of $458.9 million. Projections for 2010 show the deal adding about $15 million to revenue and about $.10 to adjusted earnings per share. As far as today is concerned, the company's share rose $.22 to close at $19.12, with the day's high of $19.15 marking a 52-week high for the stock.