House Shop Network, Anand Mahal Highway, Surat

QVC’s parent firm will purchase the remainder of House Buying Community for about $2.6 billion in a inventory deal, combining two of the most properly-known residence-procuring hubs. HSN had a UK sister network known as HSE, which has ceased operating. Shares of HSN were up about 26 p.c in afternoon trading on Thursday. If this will get past the anti-trust guys, Liberty Media/Interactive’s digital monopoly over home purchasing TELEVISION would be full.

The addition of HSN will improve QVC’s place because the leading world video eCommerce retailer,” said Liberty Interactive CEO Greg Maffei. The company reported sales of $3.6 billion in 2016, and it employs about 6,900 individuals. Integrating the companies will make them stronger than they are individually and stronger but as a standalone entity” in a altering and difficult market,” said Greg Maffei, Liberty’s president and CEO.home shopping network

The company has traditionally relied on advertisements delivered to its users …