Friday, December 7, 2007
Well, That Was $2.8 Billion Well Spent …
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 that [...]




