Time Redux? Paramount May Eat Its Words
WHEN almost everyone on Wall Street seems certain of something, one thing is likely: those who follow that wisdom will overpay. So it is now, in the great takeover battle for Paramount Communications. Wall Street is sure Paramount (annual revenues $4.2 billion) will be taken over. The question is whether the buyer will be Viacom ($1.9 billion revenues) or QVC ($1.2 billion).