Gemstar loses Interest in Youbet.com shares

Youbet.com, Inc. had its holdings sold, which were previously owned by Gemstar-TV Guide International. ThinkEquity, a banking company located in San Francisco handled the auction for TVG, which saw about 5.0 million Youbet.com shares change hands.

Youbet.com CEO Charles F. Champion declared that Gemstar's choice to put up for sale its equity place has considerably improved the number of Youbet shares detained by long-term institutional investors. He also added that the transaction, did not affect tactical association between Youbet and TVG Network for horse racing content.

Youbet.com is the main Internet supplier of pedigree, quarter horse and yoke racing content in the United States as calculated data made available by the Oregon Racing Commission. Members from most states, have the possibility to bet on a very wude selection of horses with the help of Youbet.com's website.

Members of Youbet.com also enjoy features among which: commingled track pools, live audio/video, up-to-the-minute track information, real-time wagering information, phone wagering and value-added handicapping products.