Liberty Interactive Acquires Whole Of HSNi For $2.6B
Deal will see QVC and HSNi in the same group
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.
