Jul
09
QVC to Merge With Home Shopping Network in $2.1 Billion Deal
ByJohn C. Malone is solidifying his hold on home-shopping channels — in his own particular way.
His Liberty Interactive, which owns QVC, said on Thursday that it would combine with its longtime rival, the Home Shopping Network, in a $2.1 billion deal.
The deal will put together the two home-shopping television networks at a time of upheaval in the retail world. Amazon’s dominance in selling online has grown seemingly nonstop, while Walmart has made e-commerce a big priority with the purchases of start-ups like Jet and the clothing brand Bonobos…
QVC to Merge With Home Shopping Network in $2.1 Billion Deal
