United Video makes offer for Gemstar
Article Abstract:
United Video Satellite Group (Tulsa, OK), an on-screen television listings company, has made an offer to acquire Gemstar International Group Ltd. (Pasadena, CA) for $2.8 billion in a plan to offer interactive program guides for cable television. Tele-Communications Inc., the second largest cable operator in the US, controls United Video through 2 of its companies. Gemstar, which is known for its VCR Plus system, first received the offer from United Video on March 13, driving up its stock 35% since the offer.
Comment:
United Video Satellite Group, controlled by TCI, seeks to acquire Gemstar International Group Ltd. for $2.8 bil
Publication Name: The New York Times
Subject: Business, general
ISSN: 0362-4331
Year: 1998
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Netscape and Qwest plan to announce Web alliance
Article Abstract:
Netscape Communications Corporation and Qwest Communications International Inc. plan to announce a strategic alliance. The venture will be known as Netscape Contact. The intent of the venture is to allow consumers to manage E-mail, voice mail and fax communications through a single site on the Web. The deal will link Netscape's browser software with Qwest's fiber optics communications networks. The venture is expected to generate $150 million to $175 million in revenue in the first 18 months.
Publication Name: The New York Times
Subject: Business, general
ISSN: 0362-4331
Year: 1998
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