Have you ever shopped on TV? QVC and HSN will now merge together transaction valued at $2.1 billion.
“The combined company will be well-positioned to help shape the next generation of retailing,” said QVC chief executive officer Mike George in a statement.
Both network’s began in the 1980’s HSN has generated $3.6 billion in revenue. However, they are now struggling with the shift to online shopping. The deal is expected to be completed in the final three months of this year.
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Liberty Interactive Corporation, which owns QVC, is buying the 62 percent of HSN Inc. The transaction would… https://t.co/STgKPI3fhf
— Greater Florence Chamber of Commerce (@florencechamber) July 6, 2017
Two for one special! QVC is buying HSN, combing leaders in the tv/video selling as consumer shopping changes.
— Austen Hufford (@austenhufford) July 6, 2017
https://twitter.com/qualresearcher/status/882961090275094528
