New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
July 30, 2014
07:36 EDTLINTA, FTD, LVNTAFTD Companies to aqquire Liberty's floral and gifting businesses
FTD Companies (FTD) and Liberty Interactive (LINTA, LINTB, LVNTA, LVNTB) announced that they have executed a definitive agreement under which FTD will acquire Liberty's Provide Commerce floral and gifting businesses. Under the terms of the $430M transaction, Liberty will receive 10.2M shares of FTD common stock representing 35% of the combined company and $121M in cash. FTD and Liberty expect to complete the transaction by the end of 2014. The strategic combination of FTD's brand and floral network with the Provide Commerce collection of consumer gifting e-commerce brands, which include ProFlowers, Shari's Berries and Personal Creations. The transaction will unite two highly complementary businesses, generate material cost synergies and create a team with "best-in-class" operating strategies. Together, FTD and Provide Commerce, each with over $600M in annual revenues, will offer consumers innovative and expansive floral and gift products and an enhanced shopping experience. The combination is expected to generate more than $25M in annual synergies within 36 months of closing, with a goal of creating incremental value for FTD stockholders over time.
News For FTD;LINTA;LVNTA From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
December 18, 2014
15:39 EDTLVNTALiberty Ventures unit CommerceHub to acquire retail technology company Mercent
CommerceHub, a subsidiary of Liberty Interactive Corporation attributed to the Liberty Ventures Group (LVNTA, LVNTB), announced that it has signed an agreement to acquire Mercent, a retail technology company whose platform enables enterprise-scale retailers to optimize digital marketing campaigns to ensure success on the largest shopping channels. As of 2014, an estimated $10B of retail GMV flows annually through the two companiesí platforms. The deal is expected to be finalized in January 2015, subject to customary closing conditions.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use