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SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
------------------------
AMENDMENT NO. 6
to
SCHEDULE 14D-1(*)
Tender Offer Statement Pursuant to Section 14(d)(1)
of the Securities Exchange Act of 1934
QVC, INC.
(Name of Subject Company)
QVC PROGRAMMING HOLDINGS, INC.
COMCAST CORPORATION
TELE-COMMUNICATIONS, INC.
(Bidders)
Common Stock, $.01 Par Value Per Share
(Title of Class of Securities)
747262 10 3
(CUSIP Number of Class of Securities)
EXHIBIT (a)(12)
FOR IMMEDIATE RELEASE
FEDERAL TRADE COMMISSION REQUESTS
ADDITIONAL INFORMATION FROM COMCAST AND TCI
Philadelphia, PA and Englewood, CO -- September 8, 1994 -- Comcast Corporation
and Tele-Communications, Inc. announced today that the Federal Trade
Commission has issued requests to each of Comcast and TCI to provide
additional information regarding the proposed acquisition by Comcast and
Liberty Media Corporation, a wholly-owned subsidiary of TCI, of the stock of
QVC pursuant to a tender offer commenced on August 11th. The tender offer is
being made through an acquisition vehicle, QVC Programming Holdings, Inc., of
which Comcast and Liberty will own 57.4% and 42.6%, respectively, following
consummation of the tender offer. The request will extend the waiting period
under the Hart-Scott-Rodino Antitrust Improvements Act applicable to the
formation of the tender offer acquisition vehicle by Comcast and Liberty until
20 days after the requested information is provided by Comcast and Liberty.
The FTC also previously requested additional information from each of
Comcast and QVC in connection with the proposed acquisition of QVC stock
pursuant to the tender offer.
The tender offer may not be consummated until the waiting periods
under the Hart-Scott-Rodino Act applicable to each of the formation of QVC
Holdings, Inc. and the acquisition of the QVC stock pursuant to the tender
offer have expired or been terminated.
Comcast Corporation is principally engaged in the development,
management and operation of cable communications networks. Comcast's
consolidated and affiliated operations served approximately 3.0 million cable
subscribers at June 30, 1994. After completion of the acquisition of Maclean
Hunter's United States cable properties, Comcast's consolidated and prorated
affiliated operations will serve approximately 3.5 million cable subscribers,
making it the third largest cable operator in the country. Comcast provides
cellular telephone services in the Northeast United States to markets
encompassing a population in excess of 7.4 million. Comcast also has
investments in cable programming, telecommunications systems, and
international cable and telephony franchises.
Comcast's Class A and Class A Special Common Stock are traded on The
Nasdaq Stock Market under the symbols CMCSA and CMCSK, respectively.
Liberty is a wholly-owned subsidiary of Tele-Communications, Inc.
TCI is the United States' largest cable television operator, serving 10.9
million customers in 48 states, Puerto Rico and the District of Columbia. The
company also holds interests in several national programming cable networks.
Tele-Communications, Inc. is traded in the Nasdaq National Market
with Class A and Class B Common Stock and Class B Preferred Stock trading
separately under the symbols of TCOMA, TCOMB and TCOMP, respectively.
FOR FURTHER INFORMATION CONTACT:
Comcast Corporation
William E. Dordelman
Assistant Treasurer
(215) 981-7550
Kathleen B. Jacoby
Director of Investor Relations
(215) 981-7392
Tele-Communications, Inc.
Steve Smith
Investor Relations
(303) 267-5048