Liberty Interactive Corporation - Liberty Ventures

 
Provide-Commerce

eCommerce marketplace company providing a collection of branded websites, offering high quality products shipped directly from the supplier to the consumer and designed specifically around the way consumers shop. Comprised of Cherry Moon Farms, gifts.com, Personal Creations, ProFlowers, ProPlants, RedEnvelope, Shari's Berries and Sincerely.

ATTRIBUTED OWNERSHIP 100%

On July 30, 2014, FTD Companies, Inc. (“FTD”) and Liberty Interactive Corporation (“Liberty”) announced that they have executed a definitive agreement under which FTD will acquire Liberty’s Provide Commerce floral and gifting businesses.  Under the terms of the $430 million transaction, Liberty will receive 10.2 million shares of FTD common stock representing 35% of the combined company and $121 million in cash.  FTD and Liberty expect to complete the transaction by the end of 2014.