Liberty Interactive scoops online clothing retailer

By Staff | August 17, 2015 | Last updated on August 17, 2015
1 min read

Liberty Interactive Corp. is acquiring Zulily Inc. in a cash-and-stock deal that’s valued at $2.4 billion, reports Reuters.

Zulily is a website that hosts flash sales of clothing, primarily for women and children, adds Reuters. It notes Alibaba Group Holding Ltd. is one of that company’s shareholders.

Read more about the deal.

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.