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It is not the first time One Equity Partners has been involvefd with the TVGuide assets. The firm was set to for $255 Macrovision . Allen a former partner in One Equity failed bid, will participate in the venture, serving as "Given their longstanding interest in the channel and the alignment of our they are the ideal partners. OEP is a distinguishedx and well-capitalized firm that shares our vision of buildinv a dynamic entertainment channel drivenby Lionsgate-brandedr content that will prove to be a major force withimn our industry," Lions Gate Co-Chairman and Chief Executivew Officer Jon Feltheimer said in a Feltheimer will lead the channel's executive supported by Lions Gate's television management One Equity Partners will retaimn the option of buying anothere 1 percent of the assetes "under certain circumstances," the statement said.
Lionxs Gate (NYSE: LGF) is based in Santa Monica.
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