Both Viacom and Paramount owned a diverse group of entertainment businesses. QVC was a televised shopping channel. The Paramount board of directors was considering a merger offer from Viacom at a price of $$69$ per share. QVC and Viacom then entered a bidding war for Paramount. QVC ultimately made the highest offer, at $$90$ per share. The Paramount board rejected QVC$$s bid on the grounds that a Viacom merger would be more in keeping with Paramount$$s business strategy. Was the board in violation of the business judgment rule?