Gemstar Sells SkyMall Specialty Retail Business
From Bloomberg News
Gemstar-TV Guide International Inc. sold its SkyMall specialty retail business for $52 million to concentrate on its TV Guide brand.
A group of private equity companies led by Spire Capital Partners bought the SkyMall business, which is best known for its in-flight catalog and has about 200 workers, Los Angeles-based Gemstar said.
