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Down to the wire: Viacom Inc. Chairman Sumner Redstone, who once vowed it would take a “nuclear attack” to stop him from acquiring Paramount Communications Inc., now faces failure unless he makes a new bid by Friday. The expiration date is 11 p.m. Friday for competing offers in the $10 billion bidding war for Paramount. Cable company Viacom’s standing bid of $85 per share for 51 percent of Paramount trails the $92-a-share offer by home-shopping company QVC Network Inc. QVC shares fell $1 to $39.50. Viacom fell 87 cents to $47. Paramount shares were up 25 cents at $78.50.
