Gemstar-TV Guide: sale of company a possible alternative

By Lisa Kerner

Charlotte, N.C., July 9 - Gemstar -TV Guide International, Inc. said it will explore strategic alternatives, including a possible sale of the company.

The company has hired UBS Investment Bank and Wachtell, Lipton, Rosen & Katz to advise.

"The company has made significant improvements throughout its businesses and the board is very pleased with the growth and strategic direction under chief executive officer Richard Battistam," board chairman Anthea Disney stated in a company news release.

"We are now poised to investigate the range of available strategic alternatives for continuing to build shareholder value."

Gemstar-TV Guide said there can be no assurance that the exploration of strategic alternatives will result in any transaction.

The global media, entertainment, and technology company is based in Los Angeles.

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