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QVC to Buy Rival Home Shopping Network

Deal Valued at $2.1 Billion

QVC and Home Shopping Network, the two most prominent home shopping networks, are merging to form a new retail juggernaut as part of an all-stock deal valued at about $2.1 billion. Under the agreement, QVC’s parent firm, Liberty Interactive, the holding company founded by media mogul John C. Malone, is expected to buy the remaining 62 percent of HSN that it does not already own. The entity would then combine under QVC Group, but HSN would continue as a separate brand.

The transaction is set to be finalized by the end of the year, pending regulatory and shareholder approval. It would create the largest television commerce company in the world, with $14 billion dollars in revenue, and become the third-largest e-commerce company in North America behind only Amazon.com and Walmart.

Written by Marc Berman

Marc Berman

Marc Berman has been writing professionally since 1999 and is the author of the “Mr. Television” for Campaign US (www.campaignlive.com). Most recently, Berman was the creator and Editor-in-Chief of website and newsletter TV Media Insights for Cross MediaWorks. From 1999-2011, he was the Senior Editor for Mediaweek and has also written for The New York Daily News, Variety, The Hollywood Reporter and Emmy Magazine, among others. Berman has also appeared on “Entertainment Tonight,” “Extra,” “Access Hollywood,” “Inside Edition,” “The CBS Evening News,” E!, CNN, CNBC, Fox News and MSNBC.

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