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QVC Owner Liberty Buys Zulily For $2.3B

The Associated Press | by Anne D'Innocenzio & Michelle Chapman

Liberty Interactive Corp. which owns home shopping network QVC, announced Monday that it’s buying Zulily in a cash-and-stock deal valued at approximately $2.32 billion. The deal will create a company with combined revenue of more than $10 billion and 230 million products shipped globally to 19 million customers in 85 countries.