QVC to acquire its biggest rival in $2 billion-plus deal
In a deal that will bring together two longtime home shopping rivals, QVC is acquiring the Home Shopping Network.
Liberty Interactive Corp., owner of QVC, currently owns 38.2% of HSN parent HSNi. Under the agreement announced Thursday, Liberty will acquire the remaining 61.8% stake, making HSNi a wholly-owned subsidiary. The all-stock transaction has an enterprise value of $2.6 billion.