Starting a New Innings - Report on zulily

NEW YORK, September 10, 2015 /PRNewswire/ --

ACI Association has initiated research coverage on zulily, Inc. (NASDAQ: ZU). Select highlights from the internally released reports are being made available to the general public (included below), with access to the entirety of the research available to new members.

Today, membership is open to readers on a complementary basis at the following URL: http://www.aciassociation.com/?c=ZU

Highlights from our ZU Report include:

• Collaborating to Create Exciting Opportunities - On August 17, 2015, zulily, inc. and Liberty Interactive Corporation announced that they have entered into a definitive agreement wherein Liberty will acquire zulily. The acquisition will be attributed to Liberty Interactive's QVC Group tracking stock. The proposed transaction will bring together two highly complementary businesses under common ownership, while further strengthening QVC's leadership position in experiential, discovery driven shopping. The Company informed that QVC and zulily will operate as separate consumer facing brands under the deal. The collaboration would help in leveraging QVC's global scale, curation, vendor relationships and video commerce expertise at zulily. In a similar manner, the younger customer demographic, personalization expertise and eCommerce capabilities of zulily will boost QVC.

• Terms of Agreement - Under the terms of agreement, Liberty Interactive will acquire all outstanding shares of zulily for $18.75 per share for a total value of approximately $2.4 billion. Liberty Interactive has agreed to provide $9.375 in cash and 0.3098 newly issued shares of QVCA for each zulily share. The Company stated that funding the cash portion of the consideration is expected to come from cash on hand at zulily and QVC's revolving credit facility. The transaction, which has been approved by the boards of directors of both companies, is anticipated to close during the fourth quarter of 2015.

• Management Commentary - Mike George, QVC President and CEO, added, "In zulily, we see a like-minded brand that shares our passion for discovering great products, for delivering honest value, and for building long term relationships with customers. Our teams are committed to learning from and inspiring each other and leveraging our platforms in new ways to accelerate growth, serve our customers better, and realize the full potential of both of these extraordinary brands." Discussing the opportunities from the proposed combination, Darrell Cavens, President and CEO of Zulily, stated, "This combination under Liberty is about investing in our future and providing a tremendous opportunity to accelerate our platform for growth of the zulily brand through the partnership with QVC."

To find out how this influences our rating on zulily, Inc. read the full report in its entirety here: http://www.aciassociation.com/?c=ZU

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