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Liberty Interactive Corporation (QVCA)

- NASDAQ
  • Mon, Aug. 17, 8:06 AM
    • Liberty Interactive (NASDAQ:LVNTA), (NASDAQ:QVCA) agrees to buy zulily (NASDAQ:ZU) for $18.75 per share - $9.375 in cash and 0.3098 newly issued shares of QVCA. The deal is expected to close in Q4.
    • A conference call to discuss the merger is set for 9 ET
    • Source: Press Release
    • Zulily closed Friday at $12.57.
    • Previously: Zulily halted with news pending (Aug. 17)
    | Mon, Aug. 17, 8:06 AM | 2 Comments
  • Thu, Jul. 9, 5:29 PM
    • There's been little news coming out of secretive Sun Valley -- where media moguls gather at the Allen & Co. conference for "summer camp" and sometimes rearrange billions of dollars with game-changing M&A -- but John Malone today dropped more hints about content consolidation.
    • While media distribution companies have more obvious benefits from consolidation, Malone -- who has hands in Liberty Global (NASDAQ:LBTYA), Liberty Media (NASDAQ:LMCA), Liberty Interactive (NASDAQ:QVCA), Charter (NASDAQ:CHTR) and Starz (NASDAQ:STRZA) -- said economies can apply to content too.
    • "It's all about global scale," he told CNBC. "If you want to be a meaningful player in most of any of these media communication businesses, you have to think about it."
    • And while speculation boils about a tie-up between Malone's Starz (STRZA) and Lions Gate (NYSE:LGF) after the two swapped stock, Malone focused on the educational side: "I'm an engineer; what the hell do I know about content? Trying to understand where these ideas come from, how they get created and produced. The development of stories is really going to be important in this random-access world that Reed Hastings (NASDAQ:NFLX) is driving us into."
    • Malone said Netflix changed the game, and that his companies "missed the boat a little bit" on over-the-top offerings.
    • Today: NFLX +2.4%; LGF +0.9%; QVCA +0.3%; CHTR +0.2%.
    | Thu, Jul. 9, 5:29 PM | 7 Comments
  • Tue, Jun. 2, 6:46 PM
    • Mogul John Malone floated an interesting idea today: Forget Sprint and T-Mobile -- the wireless industry could get its third major alternative to Verizon and AT&T (NYSE:T) with the merger of Charter Communications (CHTR -1.6%) and Time Warner Cable (TWC -0.9%).
    • Malone was speaking at his various Liberty companies' annual meetings and noted that in 2012, the cable consortium SpectrumCo got an option to participate in a wireless MVNO service with Verizon (NYSE:VZ) after the wireless firm bought $3.9B in frequencies.
    • Charter wasn't in SpectrumCo then, but merger partners TWC and Bright House are. “The concept that Comcast, a greatly enlarged Charter and Cox could together offer a WiFi-optimized connectivity service with a default to a Verizon MVNO is an interesting concept," Malone said.
    • He thinks "there's very little dirty underwear" left to be found in a regulatory review of Charter-TWC after the past year's scrutiny.
    • Also of interest regarding Charter capex and the dividend: “Everybody's going to say, ‘Oh he’s spending too much capital,’ but I think the end result with be worth it ... To a large degree we’re betting on Tom Rutledge and his team to wake up a sleepy cable company that was treading water in all honesty for a while and trying to satisfy shareholder pressures with buybacks and dividends as opposed to putting the money into having a competitive service offering.”
    • Malone company shares today: LMCA -0.1%; LMCB flat; LMCK flat; LTRPA -0.9%; LTRPB +2.2%; QVCA +0.8%; LBRDA +0.1%; OTCQB:LBRDB flat; LBRDK -0.1%.
    | Tue, Jun. 2, 6:46 PM | 11 Comments
  • Jun. 1, 2011, 9:38 PM
    Distressed investor Gores Group arrives to bid for more than half of what's left of bankrupt Borders Group (BGPIQ.PK) - and it may not be the only suitor, in interest sparked by Liberty Media's (LCAPA) bid for Barnes & Noble (BKS). Gores could try to rehabilitate Borders in slimmer fashion, paying some $200M for more than 200 of the 405 remaining stores.
    | Jun. 1, 2011, 9:38 PM | 4 Comments
  • May 19, 2011, 7:09 PM
    Barnes & Noble (BKS) up 20.3% AH as it announces it's gotten an acquisition offer from Liberty Media (LCAPA) at $17/share, about $1B - contingent on B&N Chairman Len Riggio keeping his equity ownership and management role.
    | May 19, 2011, 7:09 PM | 7 Comments
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Company Description
Liberty Interactive Corp owns interests in subsidiaries and other companies engaged in the video and on-line commerce industries in North America, Europe and Asia.