FTC Clears Liberty To Buy QVC

Publish date:

Washington -- Liberty Media Corp.’s purchase of the 57.5% interest in cable
shopping channel QVC Inc. it didn’t already own was approved by the Federal
Trade Commission on Friday.

In July, Liberty agreed to purchase the remaining stake in QVC from Comcast
Corp. for $7.9 billion in stock and notes.

The FTC imposed no conditions on the transaction, which is expected to close
by year-end.