Liberty Interactive Corporation Announces Completion of CommerceHub Spin-Off
22 Julho 2016 - 6:24PM
Business Wire
Liberty Interactive Corporation ("Liberty") (Nasdaq: QVCA, QVCB,
LVNTA, LVNTB) announced that it has completed the spin-off (the
"Spin-Off") of its subsidiary CommerceHub, Inc. (“CH Parent”)
(Nasdaq: CHUBA, CHUBK) at 5:00 p.m., New York City time, today. As
a result, Liberty and CH Parent are now separate publicly traded
companies. CH Parent’s Series A and Series C common stock will
begin trading in the regular way on Monday, July 25, 2016 on the
Nasdaq Global Market under the symbols listed above. CH Parent’s
Series B common stock will begin quotation in the regular way under
the symbol "CHUBB" on Monday, July 25, 2016 on the OTC Markets.
Information regarding CH Parent and the spin-off, including
information regarding the estimated capitalization of CH Parent,
will be available in a slide deck to be posted on the Liberty
website at http://ir.libertyinteractive.com/events.cfm. The deck
will also be available on the website of CH Parent starting on
Monday, July 25th.
About Liberty Interactive Corporation
Liberty Interactive Corporation operates and owns interests in a
broad range of digital commerce businesses. Those businesses are
currently attributed to two tracking stock groups: the QVC Group
and the Liberty Ventures Group. The businesses and assets
attributed to the QVC Group (Nasdaq: QVCA, QVCB) consist of Liberty
Interactive Corporation's subsidiaries, QVC, Inc. and zulily, llc,
and its interest in HSN, Inc., and the businesses and assets
attributed to the Liberty Ventures Group (Nasdaq: LVNTA, LVNTB)
consist of all of Liberty Interactive Corporation's businesses and
assets other than those attributed to the QVC Group, including its
interest in Expedia, Liberty Broadband Corporation and FTD, its
subsidiaries Bodybuilding.com and Evite, and minority interests in
Interval Leisure Group, Time Warner, Lending Tree and Charter
Communications, Inc.
About CommerceHub
CommerceHub (NASDAQ: CHUBA, CHUBK) is a distributed commerce
network connecting supply, demand and delivery that helps retailers
and brands increase sales by expanding product assortments,
promoting products on the channels that perform, and enabling
rapid, on-time customer delivery. With its robust platform and
proven scalability, CommerceHub has helped its approximately 9,500
customers achieve an estimated $11.6 billion in Gross Merchandise
Value in 2015.
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