QVC’s parent Liberty Interactive said Monday that it has entered into a definitive agreement to acquire Zulily for $2.4 billion in cash and stock. In a joint statement issued by the companies, they noted that the proposed acquisition will bring two highly complementary businesses under common ownership. Liberty Interactive to acquire Zulily at 49% premium The proposed deal envisages Liberty Interactive acquiring all of Zulily’s outstanding shares for $18.75 per share, which is 49% higher than Friday’s closing price. Liberty Interactive will provide $9.375 in cash and 0.3098 newly-issued shares of QVC stock for each Zulily share. Five-year old Internet retailer…
Liberty Interactive + ZU= ‘Marriage’ to ‘Delight Millennial Moms’
Mani
Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports