QVC Acquires Home Shopping Rival HSN For Big Bucks

QVC is shelling out $2.1 billion to acquire rival Home Shopping Network.  QVC's parent company, Liberty Interactive Corporation of Englewood, Colorado announced the deal on Thursday (July 6) morning.  

Liberty already had a 38% stake in the St. Petersburg, Florida-based HSN. News of the acquisition sent their shares soaring this morning.  HSN has 6,000 employees, with 2,500 in St. Petersburg.  It ranks among Tampa Bay's largest public companies. 

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