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Liberty Interactive, owner of home-shopping channel QVC, announced Monday it will acquire online retailer Zulily for $2.4 billion. Based on QVCA’s closing price on August 14, 2015, zulily shareholders would have received compensation valued at approximately $18.75 per share.

On August 17, 2015, the Company announced that its Board of Directors approved a definitive merger agreement for Liberty Interactive to acquire ZU in a cash-and-stock transaction valued at $2.4 billion.

Liberty Interactive – the media firm that owns buying channel QVC – introduced it can purchase on-line retailer Zulily in a deal value $2.four billion. “For years, as we have told the story of Zulily, Mark and I have compared the consumer experience of shopping...

QVC’s parent Liberty Interactive said Monday that it has entered into a definitive agreement to acquire Zulily for $2.4 billion in cash and stock. Liberty Interactive will pay an equivalent of $18.75 per Zulily share.

That price has fallen quite a bit since Zulily went public in 2013 – about $22 a share.

Media mogul John Malone’s Liberty Interactive Corp said it would acquire Zulily Inc in a cash-and-stock deal valued at $2.4 billion to tap into the online retailer’s younger clientele and its strong mobile presence.