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 .