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Strategies & Market Trends : Gorilla and King Portfolio Candidates

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To: foundation who wrote (35127)	11/21/2000 9:52:18 AM
From: StockHawk	Read Replies (1) of 54805

NEW YORK (CBS.MW) -- Gemstar-TV Guide International and Barnes & Noble (B&N) have held preliminary talks about combining their businesses, the Wall Street Journal reported Tuesday. The two companies have held discussions over the past several weeks but a deal isn't imminent and remains a long shot, the Journal reported in its online edition, citing people familiar with the situation. Gemstar's (GMST: news, msgs) chief executive Henry Yuen is interested in gaining Barnes and Noble's (BKS: news, msgs) leverage over publishers to ensure a steady supply of e-book material. Gemstar, a leading promoter of electronic books, would be able to promote e-books through B&N's nationwide network of stores, the report said. One reason that B&N may be interested in doing a deal is because of the threat posed by publishers selling directly to consumers through nonbook-selling Web sites, it said. A business combination could also strengthen Gemstar's relationship with Barnes & Noble.com, a Web bookseller that was one of the earlier supporters of e-books. B&N already has a small stake of less than 1 percent in Gemstar.

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