Aug
17
Liberty Interactive Agrees to Buy Zulily for $2.4 Billion
ByWhen Zulily, the flash-sales site for mothers, began life as a publicly traded company in fall 2013, it found plenty of favor among investors, who pushed its stock up 70 percent on its firstTRADING DAY
.
Now, as the online retailer prepares to sell itself to the parent company of QVC, it is in a much humbler state.
Zulily’s agreement to sell itself to Liberty Interactive, announced Monday, values the five-year-old company at $2.4 billion, or $18.75 a share in cash and stock. That is 15 percent below where it priced its initial public offering in fall 2013, and less than half of the $37.70 the company’s shares closed at in their first day of trading…
Liberty Interactive Agrees to Buy Zulily for $2.4 Billion
