WASHINGTON—Antitrust regulators cleared security-software maker Macrovision Corp.'s $2.8 billion purchase of television listings company Gemstar-TV Guide International Inc., a government agency said Monday.
Analysts have criticized the deal, which was announced last month, as a bad match. Los Angeles-based Gemstar is much larger, with more than double the employees and revenue than Santa Clara, Calif.-based Macrovision.
Macrovision believes it can blend its anti-piracy tools for digital video, music and games with Gemstar's interactive program guides to make it easier for consumers to gain secure access to entertainment on a wide variety of electronic devices.
The Federal Trade Commission included the sale on a list of transactions that received an "early termination" of their antitrust reviews. Early termination refers to the completion of a review by the FTC or Justice Department before the end of a 30-day period required under antitrust law.
Shares of Macrovision rose 8 cents in after-hours trading, after falling 2 cents to close $17.11 , while shares of Gemstar-TV Guide International Inc. rose a penny to close at $4.67 Monday.
