QVC to Merge With Home Shopping Network in $2.1 Billion Deal

John Malone is solidifying his hold on home-shopping channels — in his own particular way. His Liberty Interactive, which owns QVC, will combine with its longtime rival, the Home Shopping Network, in a $2.1 billion deal.

The deal will put together the two home-shopping television networks at a time of upheaval in the retail world. Amazon’s dominance in selling online has grown seemingly nonstop, while Walmart has made e-commerce a big priority with the purchases of start-ups like Jet and the clothing brand Bonobos. Combining QVC and HSN, which also have substantial e-commerce operations, is meant to help them gain scale, combine resources and cut costs. QVC and HSN would remain stand-alone brands under a new QVC Group structure after the merger.