QVC buying Home Shopping Network for $2.1B

Posted online July 7, 2017 | 11:29 am

QVC parent Liberty Interactive signed a deal to purchase rival Home Shopping Network for $2.1 billion in stock.

The company controlled by billionaire media mogul John Malone will buy the remaining 62 percent of Home Shopping Network it doesn't already own.

The transaction is expected to close by the fourth quarter.

Read more from Forbes.

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