Potter Anderson Advises Liberty Interactive in $2.1 Billion Acquisition of HSN
Liberty Interactive Corporation and HSN, Inc., popularly known as the Home Shopping Network, have entered into a definitive agreement whereby Liberty Interactive will acquire the 62 percent of HSN it does not already own in an all-stock transaction valued at $2.1 billion.
Liberty Interactive is the parent company of home shopping channel QVC, HSN’s biggest rival. The acquisition of HSN, which is expected to be completed by the end of this year, will make QVC the third largest mobile and e-commerce retailer in North America, after Amazon and Walmart.
The Potter Anderson team serving as Delaware counsel on the transaction was led by partners Michael Tumas and Michael Reilly and associate David DiDonato.
News of the deal was covered by the Wall Street Journal, Financial Times, Reuters, Market Watch, USA Today and other major media outlets.