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AS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON AUGUST 12, 1994
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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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AMENDMENT NO. 1
TO
SCHEDULE 13E-3
Rule 13e-3 Transaction Statement (Pursuant to Section
13(e) of the Securities Exchange Act of 1934)
QVC, INC.
(Name of Issuer)
QVC, INC.
QVC PROGRAMMING HOLDINGS, INC.
COMCAST CORPORATION
TELE-COMMUNICATIONS, INC.
(Name of Person(s) Filing Statement)
COMMON STOCK, $.01 PAR VALUE
(Title of Class of Securities)
747262 10 3
(CUSIP Number of Class of Securities)
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<TABLE>
<S> <C> <C>
NEAL S. GRABELL STANLEY L. WANG STEPHEN M. BRETT
QVC, INC. COMCAST CORPORATION TELE-COMMUNICATIONS, INC.
1365 ENTERPRISE DRIVE 1500 MARKET STREET 5619 DTC PARKWAY
WEST CHESTER, PA 19380 PHILADELPHIA, PA 19102 ENGLEWOOD, CO 80111
(610) 430-1000 (215) 981-7510 (303) 267-5500
</TABLE>
(Name, Address and Telephone Number of Persons Authorized to Receive Notices
and Communications on Behalf of Person(s) Filing Statement)
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Copies to:
<TABLE>
<S> <C> <C>
PAMELA S. SEYMON DENNIS S. HERSCH FREDERICK H. MCGRATH
WACHTELL, LIPTON, ROSEN & KATZ DAVIS POLK & WARDWELL BAKER & BOTTS, L.L.P.
51 WEST 52ND STREET 450 LEXINGTON AVENUE 885 THIRD AVENUE
NEW YORK, NY 10019 NEW YORK, NY 10017 NEW YORK, NY 10022
(212) 403-1000 TELEPHONE: (212) 450-4000 (212) 705-5000
</TABLE>
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AUGUST 11, 1994
(Date Tender Offer First Published, Sent, or Given to Securityholders)
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Page 1 of____Pages
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QVC Programming Holdings, Inc., Comcast Corporation and
Tele-Communications, Inc. ("Bidders") and QVC, Inc. ("QVC") hereby amend and
supplement their Statement on Schedule 13E-3 (the "Original Statement")
originally filed on August 11, 1994 with respect to Bidders' offer to purchase
for cash all outstanding shares of Common Stock and Preferred Stock of QVC.
Capitalized terms used but not defined herein shall have the meaning
assigned to them in the Original Statement.
ITEM 4. TERMS OF THE TRANSACTION.
(a) The information set forth under "Introduction", "Special
Factors -- Interests of Certain Persons in the Transaction", "-- The Merger
Agreement", "-- Dissenters Rights", "-- Certain Effects of the Transaction",
"The Tender Offer -- 1. Terms of the Offer", "-- 2. Acceptance for Payment and
Payment", "-- 3. Procedure for Tendering Shares", "-- 4. Withdrawal Rights" and
"-- 10. Certain Conditions of the Offer" in the Offer to Purchase is
incorporated herein by reference.
ITEM 7. PURPOSES, ALTERNATIVES, REASONS AND EFFECTS.
(a) The answer to Item 5 of the Schedule 14D-1 is incorporated herein by
reference.
(b)-(c) The information set forth under "Special Factors -- Background of
the Transaction", "-- Purpose of the Transaction" and " -- Fairness of the
Transaction" in the Offer to Purchase is incorporated herein by reference.
(d) The information set forth under "Special Factors -- Certain Tax
Consequences" and "-- Certain Effects of the Transaction" in the Offer to
Purchase is incorporated herein by reference.
ITEM 17. MATERIAL TO BE FILED AS EXHIBITS.
(d)(1) -- Offer to Purchase, dated August 11, 1994.*
(d)(2) -- Form of Letter of Transmittal (including Guidelines for
Certification of Taxpayer Identification Number on Substitute Form W-9).*
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* Incorporated by reference to the Schedule 14D-1.
Page 2 of____Pages
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SIGNATURE
After due inquiry and to the best of my knowledge and belief, I certify
that the information set forth in this statement is true, complete and correct.
Dated: August 12, 1994
QVC, INC.
By: /s/ NEAL S. GRABELL
........................................
Name: Neal S. Grabell
Title: Senior Vice President,
General Counsel
and Corporate Secretary
QVC PROGRAMMING HOLDINGS, INC.
By: /s/ JULIAN A. BRODSKY
........................................
Name: Julian A. Brodsky
Title: Vice Chairman
COMCAST CORPORATION
By: /s/ JULIAN A. BRODSKY
........................................
Name: Julian A. Brodsky
Title: Vice Chairman
TELE-COMMUNICATIONS, INC.
By: /s/ STEPHEN M. BRETT
........................................
Name: Stephen M. Brett
Title: Executive Vice President
Page 3 of____Pages
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EXHIBIT INDEX
<TABLE>
<CAPTION>
SEQUENTIALLY
EXHIBIT NUMBERED
NUMBER DESCRIPTION PAGE
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<S> <C> <C> <C>
(d)(1) -- Offer to Purchase, dated August 11, 1994*..........................
(d)(2) -- Form of Letter of Transmittal (including Guidelines for
Certification of Taxpayer Identification Number in Substitute Form
W-9)*..............................................................
</TABLE>
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* Incorporated by reference to the 14D-1.
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