Gemstar Intl (GMST) Message Board

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Technology Stocks : Gemstar Intl (GMST)

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To: scott who started this subject	11/24/2000 12:44:15 PM
From: gingersreisse	Read Replies (2) of 6516

Merger talks underway? BN confirms talks with GMST, does not rule out a merger. This is different from their reply earlier in the week. cbs.marketwatch.com My sense is Murdoch has told Henry he wants to merge GMST into a new company composed of Liberty and certain of News Corp's satellite properties. Henry is now exploring other options. If Murdoch decides he wants to convert the e-book model to open proprietary architecture, several publishers will invest cash immediately, which reduces GMST's debt position, making it a stronger partner in Murdoch's deals. Murdoch's major objective is to gain control of Hughes Satellite from GM. By converting GMST's e-book side to a royalty game, he creates a steady flow of revenue to strengthen GMST as a bidder with NEWS and Liberty for Hughes. The next piece of the puzzle is Thompson / RCA. If it joins the Murdoch bid team, that's another strong hand, and one less ally for Henry. (Question - was Murdoch including Thompson's 10% of GMST in the 46% he claimed to control?) GSR

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