Macrovision To Buy GemStar TV Guide

Heather said: "Macrovision is going to buy Gemstar TV Guide for 2.8 billion in cash and stock. Now that's what I call cashing in! [QUOTE] In a statement Friday, Macrovision and Gemstar said the combined company will allow consumers to pull up a guide on their TV and receive personalized content and information regarding favorite TV shows, read movie reviews before purchasing or renting a film, view personal photos, or tap into personal music libraries. Plans for Gemstar-TV Guide's print operations weren't disclosed. Gemstar-TV Guide shareholders will receive $6.35 in cash or 0.2548 of a share of common stock in a new holding company that will own both Gemstar-TV Guide and Macrovision. The cash component of the deal won't exceed $1.55 billion. The company said the $6.35 per share value, based on the closing price of Macrovision stock Thursday, represents a 25 percent premium to Gemstar-TV Guide's closing price before it announced a strategic alternatives review on July 9.[/QUOTE] For some reason the CEO's of both companies are leaving after the deal closes.. maybe to bring in some fresh blood? [URL="http://biz.yahoo.com/ap/071207/gemstar_tv_guide_macrovision.html"]Yahoo Finance[/URL]"

AlfredSokol said: "No idea. That's interesting that BOTH CEOs would head out."