Watch a giant takeover brawl unfold before your eyes! Marvel at the clash of colossal egos! Gasp at the gyrating stock prices! Not since the 1980s has Wall Street so unabashedly savored a fight as it did the one that broke out last week for filmmaker Paramount Communications. With a bid from Viacom Inc. valued at $7.5 billion already on the table, QVC shopping-network chairman Barry Diller unveiled a staggering $9.5 billion counteroffer. Paramount stockholders could almost be heard sighing at the thought of their potential profits. In a counterassault with personal overtones, Viacom chairman Sumner Redstone fired back with an...
Are the '80s Back?
Wall Street revels in the battle for Paramount, but it could be the only hostile megadeal for quite some time
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