Technology

BELLSOUTH TO ALLOW QVC STAKE OPTION TO LAPSE

CBR Staff Writer August 25, 1994

BellSouth Corp said it would allow an option to purchase a $500m stake in QVC Inc to lapse because of the cable television programmer’s relatively low share price: the Atlanta, Georgia-based Bell holding company acquired the option to purchase QVC stock at $60 a share last November after joining QVC’s ultimately unsuccessful bid for control of Paramount Communications Inc.

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