News

The Gemstar Deal

10/01/2000 8:00 PM Eastern

Liberty Media gets:

  • 486 million News Corp. shares, increasing stake to 18 percent.

  • 5.76 percent of Sky Global Networks Inc.

News Corp. gets:

  • 21 percent of Gemstar-TV Guide International Inc. stock.

  • $500 million in cash from Liberty.

  • Liberty's share of satellite assets such as Sky Latin America.

Gemstar-TV Guide gets:

  • Access to News Corp. satellite properties with 9.6 million subscribers worldwide.

  • Possible access to another 10 million DirecTV Inc. subscribers, if News Corp. acquires the DBS provider.

Sources: Company reports.

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