2 posts and columns on Gemstar

Welcome Rupe! How's That Gemstar Deal (Not) Working Out?

in News on December 13, 2007 at 3:02 am PT

The Wall Street Journal gave a big hello to its new owner, Rupert Murdoch, who takes over Dow Jones (owner of this site) today, by publishing this tough piece also today on the disaster of News Corp.’s investment in Gemstar-TV Guide International. It comes from breakingviews, an online financial commentary Web site that the news [...]

Well, That Was $2.8 Billion Well Spent …

in News on December 7, 2007 at 2:08 pm PT

Copy-protection vendor Macrovision’s decision to acquire Gemstar impressed investors about as much as one of the “Welcome Back, Kotter” reruns listed in Gemstar’s flagship magazine, TV Guide. Macrovision shares dropped 24%, to $19.66, and Gemstar lost 18%, to $4.91, on news of the $2.8 billion deal. Seems the market’s not too keen on Macrovision spending [...]