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.
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