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August 26, 1994|From Times Staff and Wire Reports

FCC Request Puts QVC Takeover on Hold: Comcast Corp. and Liberty Media Corp., which made a tender offer Aug. 11 for shares of home shopping network QVC Inc., said the Federal Trade Commission has asked for further information on the proposed takeover. Under the Hart-Scott-Rodino Antitrust Act, the FCC's request will extend the waiting period for 10 days after the information is provided. Comcast and Liberty--already large shareholders of QVC--have offered to buy all the QVC shares they don't already own in an arrangement that would leave Comcast the controlling shareholder, with 57.4%. Liberty, a subsidiary of Tele-Communications Inc., is the controlling shareholder in Home Shopping Network, QVC's main competitor.

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