Business Professionals_shaking hands

Liberty Interactive Corp. is acquiring Zulily Inc. in a cash-and-stock deal that’s valued at $2.4 billion, reports Reuters.

Zulily is a website that hosts flash sales of clothing, primarily for women and children, adds Reuters. It notes Alibaba Group Holding Ltd. is one of that company’s shareholders.

Read more about the deal.

Originally published on Advisor.ca

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