View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
November 15, 1993

QVC RAISE PARAMOUNT BID

By CBR Staff Writer

QVC Network Inc late Friday raised its hostile bid for Paramount Communications Inc to $10,800m or $90 per share where Viacom Inc is still bidding $85 a share, but the situation is complicated by a lock-up agreement between Viacom and Paramount which would have to be declared invalid by the courts before the QVC bid could succeed; under the offer, QVC is now offering about $5,500m in cash for 61m Paramount shares in a tender offer and paper for the rest; QVC goes to court today to attempt to force Paramount to waive a poison-pill anti-takeover defence and to invalidate lock-ups designed to compensate Viacom if its bid should fail.

Content from our partners
How businesses can safeguard themselves on the cyber frontline
How hackers’ tactics are evolving in an increasingly complex landscape
Green for go: Transforming trade in the UK

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU