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Vincent Padois, head tutor at the Pierre and Marie Curie University who teaches robotics and is babysitting the Paris ICub, makes a demonstration with ICub robot, a ?hybrid embodied cognitive system for a humanoid robot" about 1 metre (3.2 feet) high, at the Pierre and Marie Curie University in Paris September 4, 2009. Six versions of ICub exist in laboratories across Europe, where scientists are painstakingly tweaking its electronic brain to make it capable of learning, just like a human child and hoping it will learn how to adapt its behaviour to changing circumstances, offering new insights into the development of human consciousness. REUTERS/Philippe Wojazer

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    Macrovision says confident in Gemstar deal

    NEW YORK
    Fri Dec 7, 2007 10:51am EST

    NEW YORK (Reuters) - Macrovision Corp MVSN.O said on Friday it is confident that its $2.8 billion proposed purchase of Gemstar-TV Guide International Inc GMST.O would provide "enormous value" for shareholders, despite investor concerns over the prospects of a shared business model.

    Shares in Macrovision slipped more than 26 percent lower after it announced the deal and said it would take on $800 million in new debt to finance it.

    Company executives said on a call that the deal agreement carries a breakup fee of just under $56 million.

    (Reporting by Michele Gershberg, editing by Gerald E. McCormick)


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