QVC owner Liberty Interactive has entered into an agreement to purchase the 62% of stock in HSN that it didn’t already own in a $2.1bln all-stock deal. QVC and HSN will combine under the deal, which is expected to be completed by 4Q of this year. Liberty plans to spin the combined entity off into its own company, which will also include e-commerce site Zulily, later this year. Liberty is also in the process of acquiring cable operator GCI, which would be part of Liberty Ventures following the close of that deal.

Liberty in a statement said that the acquisition of HSN will create opportunities for cost reduction and revenue growth while increasing the QVC Group’s scale. The company also pointed to the increased development of digital platforms—ecommerce, mobile and OTT—and the optimization of programming across five US networks.

Please see Friday’s issue of Cablefax Daily for more insight on the deal.

The Daily

Subscribe

OzarksGo Hits 30,000

OzarksGo , a fiber provider and subsidiary of Ozarks Electric Cooperative , celebrated the connection of its 30,000th customer. Dorothy Harris of Fayetteville, Arkansas

Read the Full Issue
The Skinny is delivered on Tuesday and focuses on the cable profession. You'll stay in the know on the headlines, topics and special issues you value most. Sign Up

Calendar

Jan 21
Cablefax 100 – 2022 Nominations Due: January 21, 2022
Mar 11
The FAXIES 2022Entry Deadline: March 11
Apr 1
Cablefax Top Ops – 2022Nominations Due: April 1, 2022
Jun 3
The Diversity List – 2022Nomination Deadline: June 3
Aug 12
Most Powerful Women – 2022Nominations Due: August 12
Full Calendar

Jobs

Seeking an INDUSTRY JOB?
VIEW JOBS

Hiring? In conjunction with our sister brand, Cynopsis, we are offering hiring managers a deep pool of media-savvy, skilled candidates at a range of experience levels and sectors, The result will be an even more robust industry job board, to help both employers and job seekers.

Contact John@cynopsis.com for more information.