Liberty Interactive + ZU= ‘Marriage’ to ‘Delight Millennial Moms’

QVC’s parent Liberty Interactive said Monday that it has entered into a definitive agreement to acquire Zulily for $2.4 billion in cash and stock. In a joint statement issued by the companies, they noted that the proposed acquisition will bring two highly complementary businesses under common ownership. Liberty Interactive to acquire Zulily at 49% premium The proposed deal envisages Liberty Interactive acquiring all of Zulily’s outstanding shares for $18.75 per share, which is 49% higher than Friday’s closing price. Liberty Interactive will provide $9.375 in cash and 0.3098 newly-issued shares of QVC stock for each Zulily share. Five-year old Internet retailer…