[Reuters] Macrovision to buy Gemstar-TV

Posted by: UGN Security

[Reuters] Macrovision to buy Gemstar-TV - 12/07/07 04:40 PM

NEW YORK (Reuters) - Macrovision Corp said on Friday it would buy Gemstar-TV Guide International Inc for $2.8 billion in cash and stock to form a broad video entertainment distributor, but investors concerned about the deal's price sent shares of both companies sharply lower.



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