QVC, BellSouth discuss bid
Representatives of QVC Network Inc. and BellSouth Corp. met the last two days to discuss the possibility of QVC revising its bid for Paramount Communications Inc., sources said yesterday.
Final bids in the five-month fight between QVC and Viacom Inc. are due by Tuesday.
BellSouth is the largest investor in QVC's bid for Paramount, having agreed to put up $1.5 billion.
Viacom is offering $105 a share in cash for 50.1 percent of the company, compared with QVC's bid of $92 a share in cash for the same percentage. The balance of each offer is in stock.