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Liberty Interactive, the parent of QVC and grandparent of Seattle-based Zulily, will acquire the Home Shopping Network in a $2.1 billion deal. Both companies are struggling to keep up online retail giants like Amazon and Walmart and Liberty’s $2.4 billion Zulily acquisition wasn’t the slam-dunk the company hoped for. Acquiring HSN will allow both companies to pool their resources and focus on their online strategy.

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