Liberty Interactive Announces Definitive Agreement to Acquire zulily
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FBR Capital Remains Bullish on Liberty Interactive (QVCA) Following Announced Zulily Acquisition
August 17, 2015 3:10 PM EDTFBR Capital reiterated an Outperform rating and $32.00 price target on QVC Group (NASDAQ: QVCA) following announced deal to acquire Zulily for $2.4 billion of cash and stock. Analyst Barton Crockett said that the acquisition announced before the market opened on August 17th, creates a new possibility of growth at a QVC that, until now, has had muted growth prospects.
Crockett commented, "QVC's surprising news... More
Liberty Interactive (QVCA) to Acquire zulily (ZU) for $18.75/Share
August 17, 2015 8:02 AM EDTLiberty Interctive (Nasdaq: QVCA) and zulily, inc. (Nasdaq: ZU) announced that they have entered into a definitive 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 join the Liberty family, stated Greg Maffei, Liberty Interactive President and CEO. Darrell, Mark and their team have built an impressive business around entertainment, discovery and value to the customer, which fits perfectly with the QVC philosophy. Combined... More
