QVC Deal Done - Multichannel

QVC Deal Done

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Liberty Media Corp. announced Wednesday that it completed its purchase of 57%
of QVC Inc. from Comcast Corp., giving Liberty 98% of the home shopping
network.

As part of the $7.9 billion deal, Comcast received 218 million Liberty
series-A common-stock shares and a three-year note for $4 billion. Liberty also
paid $1.35 billion in cash.

Members of QVC’s management team own the 2% of the company not controlled by
Liberty.

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