Liberty Interactive bought online flash sale web site Zulily in 2015 for $2.4 billion. “This is a direct impact of TV viewership declining. Allen & Company and the legislation firm Baker Botts are advising Liberty Interactive, while Centerview Partners, Goldman Sachs and the regulation agency Davis Polk & Wardwell are advising a particular committee of HSN’s board of directors. Under the terms of the transaction, traders would receive 1.65 shares of QVC Series A inventory for every share of HSN they personal. That would worth HSN at $forty.36 a share, a 29 p.c premium to its closing price on Wednesday.
The prospect of huge gross sales figures on HSN might be alluring, however getting there takes hard work. Before I may assume it through, I reached for my credit card and phoned the quantity on the screen. I knew I needed to do it immediately as a result of there … Read MoreRead More →