Twitter

Link your Twitter Account to Market Wire News


When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.


Be alerted of any news about your stocks and see what other stocks are trending.


home / news releases / QRTEA - Qurate Retail sells Zulily to Regent

QRTEA - Qurate Retail sells Zulily to Regent

Qurate Retail Inc. Series A Common Stock

2023-05-24 17:44:36 ET

  • Qurate Retail ( NASDAQ: QRTEA ) said Wednesday that it has sold Zulily to LA-based investment firm Regent.

  • Zulily will no longer be a co-borrower in QVC’s bank credit facility.

  • Qurate Retail said it repaid Zulily’s outstanding borrowing, which was about $80 million as of closing.

  • The company said there is potential for it to receive an earnout in future years based on the terms of the sale agreement.

  • Other transaction details were undisclosed.

  • Press Release .

For further details see:

Qurate Retail sells Zulily to Regent
Stock Information
Company Name: Qurate Retail Inc. Series A Common Stock
Stock Symbol: QRTEA
Market: NASDAQ
Website: qurateretail.com
Menu
QRTEA QRTEA Quote QRTEA Short QRTEA News QRTEA Articles QRTEA Message Board
Get QRTEA Alerts

News, Short Squeeze, Breakout and More Instantly...