topic Re: Segel Vision To Acquire Evine Live in Community Chat

Segel Vision Plans To Acquire Evine Live

sunshine45 — Sat, 18 Nov 2017 16:32:09 GMT

NEW YORK, Nov. 16, 2017 /PRNewswire/ -- Marvin Segel, founder of Segel Vision, LLC, announced today a plan to acquire EVINE LIVE, Inc., the multiplatform video commerce company that runs the national television shopping network, "EVINE LIVE" (EVLV), founded in 1990 and headquartered in Eden Prairie, Minnesota. The announcement came after two prior attempts to reach EVINE's Board of Directors failed because, "The Board," says Segel, "refuses to hear the details of the offer." Segel says the deal would have Segel Vision making an equity purchase of the operating subsidiary at a premium of 105%. By establishing a total equity value of $175 Million for Evine, Segel Vision would, in effect, be paying $2.66 per share for Evine. Segel went on to say, "Segel Vision's financing is bona fide, and in place." With the acquisition, Segel Vision's team will merge EVINE LIVE into STARSHOP, an extraordinary Millennial-friendly, influencer and celebrity-driven multi-experience shopping App, launched in partnership with SPRINT Mobile Network.

https://www.prnewswire.com/news-releases/segel-vision-will-pay-105-premium-to-acquire-evine-live-and-merge-the-shopping-channel-into-segels-company-starshop-300557241.html

Re: Segel Vision To Acquire Evine Live

pupwhipped — Sat, 18 Nov 2017 00:24:38 GMT

Hot Potato Channel!

I've lost count of all the name changes, etc.

Re: Segel Vision To Acquire Evine Live

Kachina624 — Sat, 18 Nov 2017 03:07:53 GMT

This ought to be interesting. All we need is a celebrity-driven shopping channel. Maybe Lisa Rinna will migrate over? That wouldn't be a bad thing.

Re: Segel Vision To Acquire Evine Live

Lindsays Grandma — Sat, 18 Nov 2017 05:51:12 GMT

I joined them when they were Value Vision, quite a number of years ago. I believe this will be the third change since that time, maybe fourth? I lost count too.

@pupwhipped wrote:
Hot Potato Channel!

I've lost count of all the name changes, etc.

Re: Segel Vision To Acquire Evine Live

sunshine45 — Sat, 18 Nov 2017 15:21:54 GMT

valuevision (1991)

shopnbc (2000)

shophq (2013)

evinelive (2015)

evine (2016)

Re: Segel Vision To Acquire Evine Live

Bri36 — Sat, 18 Nov 2017 15:30:00 GMT

They've had a lot of name changes...

Re: Segel Vision To Acquire Evine Live

momtochloe — Sat, 18 Nov 2017 16:12:16 GMT

@sunshine45 wrote:
valuevision (1991)

shopnbc (2000)

shophq (2013)

evinelive (2015)

evine (2016)

Oh goodness @sunshine45 I had forgotten about Shophq. I guess that one didn't last very long! I hope they don't mess with their kitchen stuff (at least their Cook's Companion line) but it's nice to have a third option to snoop through/shop with plus I hate to see people lose their jobs so I hope this infusion of cash keeps them in business.

Re: Segel Vision To Acquire Evine Live

SahmIam — Sat, 18 Nov 2017 16:14:45 GMT

I discovered them when they were ShopNBC. To me, it was the more upscale of the three home shopping channels as they offered gorgeous gems and unique designer jewelry. Then....things changed and I left. For those in the know, what exactly IS the issue with that company?!

Re: Segel Vision To Acquire Evine Live

qbetzforreal — Sat, 18 Nov 2017 16:18:17 GMT

So, it's this guy plan to acquire Evine Live. He hasn't even meet the board of directors. This not a done deal

@sunshine45 wrote:
NEW YORK, Nov. 16, 2017 /PRNewswire/ -- Marvin Segel, founder of Segel Vision, LLC, announced today a plan to acquire EVINE LIVE, Inc., the multiplatform video commerce company that runs the national television shopping network, "EVINE LIVE" (EVLV), founded in 1990 and headquartered in Eden Prairie, Minnesota. The announcement came after two prior attempts to reach EVINE's Board of Directors failed because, "The Board," says Segel, "refuses to hear the details of the offer." Segel says the deal would have Segel Vision making an equity purchase of the operating subsidiary at a premium of 105%. By establishing a total equity value of $175 Million for Evine, Segel Vision would, in effect, be paying $2.66 per share for Evine. Segel went on to say, "Segel Vision's financing is bona fide, and in place." With the acquisition, Segel Vision's team will merge EVINE LIVE into STARSHOP, an extraordinary Millennial-friendly, influencer and celebrity-driven multi-experience shopping App, launched in partnership with SPRINT Mobile Network.

https://www.prnewswire.com/news-releases/segel-vision-will-pay-105-premium-to-acquire-evine-live-and-merge-the-shopping-channel-into-segels-company-starshop-300557241.html

Re: Segel Vision To Acquire Evine Live

SeaMaiden — Sat, 18 Nov 2017 16:18:22 GMT

I think they are very tacky and low budget channel....

... but years ago they had the most awesome gold jewelry and gold prices were under 200 a gram... I bought LOTS AND LOTS of gold at that price.... sold a bunch when gold was at it highest a few years ago and made a fortune... kept the favorite Italian pieces that I love to wear today.

I hate their watch shows... hope the new company stops those...

Re: Segel Vision To Acquire Evine Live

chickenbutt — Sat, 18 Nov 2017 17:41:29 GMT

When they were ValueVision they had the absolute best quality fine jewelry and gemstones. Sadly, now, they are just selling mostly costume jewelry like the other shopping channels.

I've purchased a few things there over recent years and it's been pretty good, although I found some lacking in customer service. One time I called them because they charged sales tax on food items and I tried to get them to understand, and maybe look it up, that in my state you don't pay sales tax on food items (only on those that are prepared AND served). But they just told me to go ahead and order, then after I get the items to contact them and they'll remove the sales tax each time. Uh, nope. So I didn't order anything for a while and I guess they finally fixed it.

Re: Segel Vision To Acquire Evine Live

ROMARY — Sat, 18 Nov 2017 20:19:20 GMT

I must say (if I can here) that they sure have some nice tops. Beautiful prints, etc. I run across that channel and think, 'Gee, what a great price'. Well, we have to wish all well. Nice to have a variety of businesses. Options are a good thing. In the scheme of things.

Re: Segel Vision Plans To Acquire Evine Live

Imaoldhippie — Sat, 18 Nov 2017 20:23:37 GMT

Once again big business will ruin a good thing.