Home Shopping Network
A QVC offer to buy rival Home Shopping Network in March 1992 was sidetracked by legal problems. On July 12, 1993, QVC offered to acquire Home Shopping in a stock swap valued at about $1.1 billion, but talks faltered when QVC pursued a bid for Paramount in fall 1993. Liberty Media Corp. held a controlling interest in the St. Petersberg, Florida-based Home Shopping Network along with their share of QVC.