Segel Vision Plans To Acquire Evine Live

sunshine45 · ‎03-09-2010

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...

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"The world is a dangerous place, not because of those who do evil, but because of those who look on and do nothing." - Albert Einstein

pupwhipped · ‎03-11-2010

Hot Potato Channel!

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

Kachina624 · ‎03-10-2010

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.

New Mexico☀️Land Of Enchantment

Lindsays Grandma · ‎03-10-2010

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.

The moving finger writes; And having writ, Moves on: nor all your Piety nor Wit Shall lure it back to cancel half a Line Nor all your Tears Wash out a Word of it. Omar Khayam

sunshine45 · ‎03-09-2010

valuevision (1991)

shopnbc (2000)

shophq (2013)

evinelive (2015)

evine (2016)

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"The world is a dangerous place, not because of those who do evil, but because of those who look on and do nothing." - Albert Einstein

Bri36 · ‎02-20-2017

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

momtochloe · ‎11-03-2013

@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.

SahmIam · ‎04-16-2010

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?!

qbetzforreal · ‎08-28-2010

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...

SeaMaiden · ‎03-10-2010

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...