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Liberty Interactive To Buy Online Retailer Zulily In $2.4 Billion Deal

Ron Burgundy

By Ron Burgundy,
in Tech News

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Ron Burgundy

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Liberty Media Corp. chairman Malone arrives at annual Allen and Co. conference at Sun ValleyLiberty Interactive Corp , which owns home shopping network QVC, said it would acquire Zulily Inc in a deal valued at $2.4 billion to tap into the online retailer's younger clientele and its strong mobile presence. Chinese e-commerce giant Alibaba Group Holding Ltd owns a stake of about 9 percent in the company. Billionaire John Malone-backed Liberty will combine the five-year old Zulily with its QVC business, which is about 30 years old and seen by analysts as a maturing business in the United States.




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