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July 25, 1994

COMCAST PERSUADE LIBERTY MEDIA TO JOIN BID FOR QVC

By CBR Staff Writer

Cable television operator Comcast Corp has persuaded Liberty Media Corp to join its bid for QVC Inc, enabling it to switch it to an all-cash offer of $44 a share for the home shopping network, where it had been offering $37 in cash and $7 in Comcast preferred stock; the deal would still be worth about $2,200m.

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