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May 14, 1993|From Times Staff and Wire Reports

QVC Gives Diller Options Worth $139 Million: QVC Network Inc. lured Barry Diller, its newly appointed chairman, to the company with a stock package that could bring him $139 million in profit over the next year and a half. Diller, the former chairman of Fox Inc., received 160,000 shares of the West Chester, Pa., company's stock and options to buy another 6 million shares, according to a preliminary proxy statement filed May 11 with the SEC. If QVC's stock retains its current market price of $56.625 a share through December, 1994, Diller could use the options during that period to buy about $340 million worth of stock for $201 million. Diller assumed the chairman's post at QVC, the nation's largest cable shopping channel, on Jan. 18.

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