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Liberty Interactive to buy online retailer Zulily in $2.4 billion deal
Zulily, a website that hosts "flash" sales of clothing primarily for women and children, counts Chinese ecommerce giant Alibaba Group Holding Ltd as one of its shareholders. Alibaba held about 9 percent of Zulily's total common stock as of May 15. The offer of $18.75 per share represents a premium of about 49 percent to Zulily's Friday close. http://dlvr.it/Bt2Cc2
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