Tuesday, April 29, 2008
Gemstar-TV Guide Gets Stockholder Approval For Merger
Los Angeles-based Gemstar-TV Guide International said Tuesday afternoon that the firm's stockholders have approved the company's merger with Macrovision. According to the firm, the merger is expected to complete on May 2nd. Gemstar and Macrovision originally announced the merger in December; the deal is worth approximately $2.8 billion in cash and stock. Macrovision is based in Santa Clara, and sells DRM, software installation, software licensing and other software.