Two longtime rivals, QVC and the Home Shopping Network, have agreed to merge as two businesses built around selling over television seek to combat the rise of online shopping. The companies said Thursday that they have agreed to combine in an all-stock transaction valued at about $2.1 billion. QVC, which is controlled by John Malone’s Liberty Interactive Corp., already owns a 38% stake in HSN. HSN shareholders will receive...

Source: Wall Street Journal July 06, 2017 12:11 UTC