QVC extends offer deadline

QVC Network Inc. extended its buyout offer for Paramount Communications Inc. Wednesday to match the Jan. 31 deadline on rival Viacom Inc.’s revised bid. QVC’s offer was set to expire Friday.

The 4 1/2-month-old bidding contest is moving toward a showdown Feb. 1, a deadline Paramount has set for final offers.

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    QVC Network Inc. extended its buyout offer for Paramount Communications Inc. Wednesday to match the Jan. 31 deadline on rival Viacom Inc.’s revised bid. QVC’s offer was set to expire Friday. The 4 1/2-month-old bidding contest is moving toward a showdown Feb. 1, a deadline Paramount has set for final offers.

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