QVC owner hits the retailers, buys rival HSN for $2.1bn. In a wedding of the country’s two greatest known cable TELEVISION procuring channels, QVC and Dwelling Purchasing Network (HSN) are set to merge in an all-inventory deal valued at roughly $2.1 billion. Maffei stated it was time to do the deal as a result of Liberty’s share value has currently strengthened relative to HSN’s.
He also famous the businesses’ social media presence and rising e-commerce gross sales, with about $7.5 billion, and $4.7 billion in sales from mobile gadgets. We are excited to announce the acquisition of HSNi,” Greg Maffei, the president and chief executive of Liberty Interactive, mentioned in a news release.
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