FTC Clears Liberty to Buy QVC - Multichannel

FTC Clears Liberty to Buy QVC

Author:
Publish date:

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

Related