PHILADELPHIA Rapidly expanding its dominance of televised home shopping under former Fox Inc. Chairman Barry Diller, QVC Network Inc. proposed Monday a billion-dollar merger with chief competitor Home Shopping Network Inc.
News of the move to create a home shopping giant boosted shares of both firms in heavy trading on Wall Street.
Analysts, who had long anticipated a merger, said it would benefit both QVC and Home Shopping Network, but there were also warnings that it could be anti-competitive.
Reflecting Wall Street's view that the merger will be good for both companies, Home Shopping Network shares bounced $1 higher to $13.62 1/2 on the New York Stock Exchange and QVC shares ...
News of the move to create a home shopping giant boosted shares of both firms in heavy trading on Wall Street.
Analysts, who had long anticipated a merger, said it would benefit both QVC and Home Shopping Network, but there were also warnings that it could be anti-competitive.
Reflecting Wall Street's view that the merger will be good for both companies, Home Shopping Network shares bounced $1 higher to $13.62 1/2 on the New York Stock Exchange and QVC shares ...
No comments:
Post a Comment