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QVC Owner Liberty Buys Zulily For $2.3B

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Zulily, which offers flash sales of products like toys and children's clothing geared to young moms, now has a parent.

Liberty Interactive Corp. which owns home shopping network QVC, announced Monday that it's buying Zulily in a cash-and-stock deal valued at approximately $2.32 billion. The deal will create a company with combined revenue of more than $10 billion and 230 million products shipped globally to 19 million customers in 85 countries.
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http://www.tvnewscheck.com/article/87726/qvc-owner-liberty-buys-zulily-for-23b
 
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