Liberty Interactive buys Zulily for US$2.4 billion

Liberty Interactive Corporation, the parent company of shopping channel QVC, has agreed to buy e-commerce site Zulily for US$2.4 billion (€2.2 billion). Under the terms of the planned deal, Zulily will join the QVC Group to create a “discovery-driven and experiential digital commerce powerhouse” aimed at a female audience. Commenting on the agreement, Liberty Interactive president […]