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07-06-2017 10:52 AM
I am afraid this will put an end to the great prices, free shipping, and discount codes, which I greatly appreciate.
07-06-2017 11:00 AM
@Marp wrote:The parent company of QVC has agreed to buy rival Home Shopping Network for $2.1 billion in stock. Liberty Interactive Corp. already owns 38 percent of HSNi and the deal announced Thursday includes the remaining 62 percent.
HSN shareholders will receive 1.65 shares of QVC’s stock for each share of HSN. Being that HSN’s stock closed Wednesday at $40.36, the deal price is equivalent to a 29 percent premium.
Liberty said the acquisition would have various benefits, including increased scale and competitive position for QVC, “meaningful synergies through cost reduction and revenue growth opportunities,” optimized programming across five U.S. networks and “cross marketing to better engage existing and potential customers.”
Liberty Interactive President and CEO Greg Maffei said in a statement that the two home shopping networks combined each year to produce over 55,000 hours of shoppable video content. He said the value of QVC, HSNi and zulily, the Seattle-based e-commerce company Liberty bought in August 2015 for $2.6 billion, will be enhanced further later this year when QVC Group becomes an asset-backed stock as part of the previously announced split-off of Liberty Ventures.
More at bizjournals.com
Interesting, I knew qvc bought Zulily ( which I don't order from ); now HSN ( don't shop much there either ); wow, seems like they're becoming a monopoly.. Just like Amazon buying Whole Foods.. I understand times have changed; but what about competition.. Years ago they broke up AT&T to encourage competition...
07-06-2017 11:04 AM
@catwhisperer wrote:I am afraid this will put an end to the great prices, free shipping, and discount codes, which I greatly appreciate.
Yep, but more empty boxes received in the consumers home.
07-06-2017 11:07 AM - edited 07-06-2017 11:07 AM
07-06-2017 11:08 AM
I guess this means HSN will stop having actual clearance sales and will stop sending coupons.
07-06-2017 11:09 AM
@beckyb1012 wrote:
@catwhisperer wrote:I am afraid this will put an end to the great prices, free shipping, and discount codes, which I greatly appreciate.
Yep, but more empty boxes received in the consumers home.
@beckyb1012...I have never received an empty box, but have read where some posters have.
07-06-2017 11:12 AM
Very interesting.
07-06-2017 11:16 AM
wow, will have to wait to see what happens now.
07-06-2017 11:20 AM
Dear QVC,
Great move buying HSN. Now your next great move should be OFFERING FREE SHIPPING LIKE EVERY OTHER COMPANY ON THE PLANET. And maybe --- just maybe -- not taking 8,000 days to process an order. Mmmmk? Thanks.
Sincerely,
A frustrated consumer who loves buying beauty products at QVC, but doesn't any longer because of your shipping prices and problems.
07-06-2017 11:21 AM
Jeez! I hope the HSN hosts don't start disappearing!!! LOL
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