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To: Dealer who wrote (25114)	7/12/2000 12:13:00 PM
From: T L Comiskey	Read Replies (1) of 35685

Dealer..... Wednesday July 12 12:01 PM ET Gemstar Completes Acquisition of TV Guide PASADENA, Calif. (Reuters) - Gemstar International Group Ltd. (NasdaqNM:GMST - news), a maker of online television guides, announced on Wednesday the completion of its purchase of TV Guide Inc. (NasdaqNM:TVGIA - news) following notification that U.S. antitrust regulators would not oppose the deal. Gemstar stock was up 12 at 71-1/8 on Nasdaq, while TV Guide was up 10-1/8 at 46-1/8. The combined company plans to change its name to Gemstar-TV Guide International Inc. and will continue to trade under the Nasdaq symbol GMST. Last October, Pasadena, Calif.-based Gemstar announced plans to acquire TV Guide in a stock-for-stock purchase transaction valued near $9.2 billion. Shareholders of both companies approved the merger at their respective shareholder meetings held in March 2000. Henry Yuen, chairman and chief executive officer of Gemstar, will serve as chairman and CEO of the combined company.

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