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Liberty Interactive Acquires Whole Of HSNi For $2.6B

Liberty Interactive Corporation and HSN, Inc. (HSNi) have entered into an agreement that sees Liberty Interactive acquiring the 62 percent of HSNi it does not already own in an all-stock transaction at a total enterprise value of $2.6 billion.

HSNi consists of multichannel retailer HSN and Cornerstone, which is comprised of home and apparel brands.

Liberty owns shopping network QVC.

TWICE sister brand Broadcasting & Cable has the story.