NetEase Francisco August 17th message, according to foreign media reports, the largest QVC Company in the United States QVC’s parent company Liberty Interactive for $2 billion 400 million in cash and stock acquisition has been founded 5 years of Internet retailer Zulily, this news was announced Monday that the two companies.
Liberty Interactive said it would be in accordance with the equivalent of $18.75 per share price of the acquisition of Zulily, the price is higher than the Zulily closing price of $12.57 on Friday, about $49%. Headquartered in the United States west YAHOO’s Zulily specialty sales limited time limit buying, the company has grown rapidly over the past five years, and last year its net sales have grown to $1 billion. However, the company’s growth slowed significantly this year, reflecting the limitations of its unique business model. The company’s business model is characterized by delivery time of up to two to three weeks, and not to return.
QVC is famous for selling goods on TV, but the company also has a website. The two companies said their combined revenue will total $10 billion. Zulily CEO Darrel · Evans (Darrell Cavens); the card used to compare Zulily to the network version of the QVC, Cavens said the two companies share sales and main methods similar to the consumer groups for women. Zulily in 2013, the initial public offering (IPO) in November, when the issue price of $22 per share. After only a few months, the company’s share price rose to more than $70 after reporting strong sales and consumer base growth in the IPO. However, in recent quarters, Zulily sales growth slowed, its share price has fallen by 46% this year.
Liberty Interactive will pay $9.375 per share in cash plus $0.3098 QVC shares, the acquisition of Zulily Zulily. Monday disk, Zulily suspension.