Gemstar-TV Guide, Barnes & Noble Deny Plans for Merger

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Gemstar-TV Guide

(GMST)

and

Barnes & Noble

(BKS) - Get Report

today said that although they have no current plans for a merger, acquisition or business combination, the companies will focus on establishing a strategic alliance.

Shares of media company Gemstar were recently up 81 cents, or 2.1%, to $39 in

Nasdaq

trading. Shares of Barnes & Noble were down $1.19, or 4.3%, to $26.44 in

New York Stock Exchange

composite trading.