FBR Capital Remains Bullish on Liberty Interactive (QVCA) Following Announced Zulily Acquisition
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zulily to Join QVC Group
August 17, 2015 8:08 AM EDTWEST CHESTER, Pa., Aug. 17, 2015 /PRNewswire/ -- QVC, the global leader in video and ecommerce retail, today announced that its parent, Liberty Interactive Corporation ("Liberty Interactive") (Nasdaq: QVCA, QVCB, LVNTA, LVNTB) has entered into a definitive agreement to acquire zulily, inc. ("zulily") (Nasdaq: ZU), a leading ecommerce site serving millennial moms and the digital-only generation, for approximately $2.4 billion. Under the proposed transaction, zulily will join the QVC Group to create a discovery-driven and experiential digital commerce powerhouse with appeal that spans generations of women.
Since its inception in 2010, zulily has emerged... More
Liberty Interactive Announces Definitive Agreement to Acquire zulily
August 17, 2015 8:00 AM EDTzulily to be Attributed to the QVC Group Tracking Stock
QVC Group will have approximately $5 billion in eCommerce Revenue and 50% Mobile Penetration
ENGLEWOOD, Colo. & SEATTLE--(BUSINESS WIRE)-- Liberty Interactive Corporation (Liberty Interactive) (Nasdaq: QVCA, QVCB, LVNTA, LVNTB) and zulily, inc. (zulily) (Nasdaq: ZU) today announced that they have entered into a definitive agreement (the Agreement) under which Liberty Interactive will acquire all outstanding shares of zulily for $18.75 per share. The acquisition will be attributed to Liberty Interactives QVC Group tracking stock.
We are excited for zulily to... More
