wsj_0324.xml
WSJ891101-0040
WSJ891101-0040
=
891101
=
891101
891101-0040
.
891101-0040
.
Business
Brief
--
QVC
Network
Inc.
:
@
Acquisition
of
CVN
Cos.
@
Is
Completed
by
Company
Business
Brief
--
QVC
Network
Inc.
:
@
Acquisition
of
CVN
Cos.
@
Is
Completed
by
Company
11/01/89
11/01/89
11/01/89
WALL
STREET
JOURNAL
(
J
)
WALL
STREET
JOURNAL
(
J
)
QVCN
CAVN
QVCN
CAVN
TENDER
OFFERS
,
MERGERS
,
ACQUISITIONS
(
TNM
)
MEDIA
,
PUBLISHING
,
BROADCASTING
,
ELECTRONIC
PUBLISHING
(
MED
)
RETAILING
(
RET
)
TENDER
OFFERS
,
MERGERS
,
ACQUISITIONS
(
TNM
)
MEDIA
,
PUBLISHING
,
BROADCASTING
,
ELECTRONIC
PUBLISHING
(
MED
)
RETAILING
(
RET
)
QVC
Network
Inc.
said
it
completed
its
acquisition
of
CVN
Cos.
for
about
$
423
million
.
QVC
agreed
to
pay
$
19
and
one-eighth
QVC
share
for
each
of
CVN
's
20
million
fully
diluted
shares
.
The
acquisition
brings
together
the
two
largest
competitors
to
Home
Shopping
Network
Inc.
,
which
now
reaches
more
viewers
than
any
other
company
in
the
video
shopping
industry
.
Among
them
,
Home
Shopping
,
QVC
and
CVN
already
control
most
of
that
young
and
fast-growing
market
,
which
last
year
had
sales
of
about
$
1.4
billion
.