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After the bell yesterday, Gemstar-TV Guide (GMST) announced that it hired UBS to help it explore strategic alternatives. In other words, the bidding starts now. Rupert Murdoch owns a big stake in Gemstar and I guess he got tired of it going nowhere.

But check this out. Even though the announcement came after yesterday's, doesn't this chart suggest that somebody knew something?

Posted by edelfenbein at July 10, 2007 2:19 PM