[Reuters] Macrovision to buy Gemstar for $2.8 bln, shares fall

Posted by: UGN Security

[Reuters] Macrovision to buy Gemstar for $2.8 bln, shares fall - 12/07/07 04:06 PM

NEW YORK (Reuters) - Macrovision said on Friday it would buy Gemstar-TV Guide for $2.8 billion in cash and stock, but investors were skeptical of its bet to deliver entertainment across consumer devices, sending shares of both companies sharply lower.



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