QVC to buy rival Home Shopping Network for $2.1B

The parent company of QVC has agreed to buy rival Home Shopping Network for $2.1 billion in stock. Liberty Interactive Corp. already owns 38 percent of HSNi and the deal announced Thursday includes the remaining 62 percent.

HSN shareholders will receive 1.65 shares of QVC’s stock for each share of HSN. Being that HSN’s stock closed Wednesday at $40.36, the deal price is equivalent to a 29 percent premium.

Liberty said the acquisition would have various benefits, including increased scale and…

from http://www.bizjournals.com/baltimore/news/2017/07/06/qvc-to-buy-rival-home-shopping-network-for-2-1b.html?ana=RSS%26s=article_search
from http://baltimorecheckbook.tumblr.com/post/162671632857

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Author: Baltimore Checkbook

Best in consumer news and deals in Baltimore, MD.

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