Key Takeaways from Liberty Interactive’s 2Q15 Earnings
Liberty Interactive announced its earnings on August 5, 2015. The company had revenue of ~$2.3 billion—a fall of 9% from the same quarter last year.
Basics of Zulily
With relationships with emerging and boutique designers, online retailer Zulily uses proprietary technology to match its customers with vendors. This technology is a major reason why Liberty Interactive is buying Zulily.
Liberty Interactive Acquires Zulily: What It Means for Investors
On August 17, Liberty Interactive announced its acquisition of Zulily for $2.4 billion. It will purchase all of Zulily’s outstanding shares for $18.75 per share.
Zulily–Liberty Interactive Deal: What’s the Risk-to-Reward Ratio?
Before the deal was announced, Zulily was trading at ~$12.50 per share. If the deal breaks, does the stock go back there?
Could the Zulily Transaction Get Competitive?
There’s a tender and support agreement between the founding members and Liberty Interactive. These Zulily shareholders have agreed to the Liberty Interactive tender offer.
Zulily Worth $2.4 Billion to Liberty Interactive
Prior to shareholder approval of the transaction, Zulily can discuss a merger with another suitor, assuming it’s approached.
Company & Industry Overviews
Alibaba Sells Its US Online Marketplace to Focus on China
During its IPO, Alibaba noted that it planned to promote its US online marketplace 11 Main to compete with online giants Amazon and eBay in the US e-commerce market.
Company & Industry Overviews
‘Let’s Go Global’ Says Alibaba’s New CEO, Daniel Zhang
Newly appointed chief executive officer, Daniel Zhang, announced Alibaba’s plans for globalization on May 13.
How Does Zulily Compare to Benchmarks?
Zulily (ZU) has performed poorly during the year, generating negative 40.3% returns to its shareholders thus far in 2015.
Zulily’s Stock Surged as Alibaba Bought a Stake in the Company
On May 8, Alibaba Group (BABA) bought 4.8 million class A shares of Zulily (ZU) worth approximately $58 million.
Who Were Zulily’s Top Institutional Investors in 1Q15?
In the first quarter of 2015, about 31 hedge funds closed their position in Zulily (ZU), including Ken Griffin’s Citadel Advisors.
Alibaba’s Taobao Gross Merchandise Volume Growth Slows in 4Q15
In fiscal 4Q15, Alibaba’s GMV growth for its Taobao platform slowed. Meanwhile, this growth rate increased for Tmall.
Carter’s will explore opportunities in China, Mexico, and Brazil
Carter’s forecast 2Q 2014 net sales to increase approximately 8% to 10% over the second quarter of fiscal 2013 and adjusted diluted earnings per share to be around $0.46.
Must-know: Key ideas from Blue Ridge Capital’s investment strategy
Blue Ridge Capital is a New York–based hedge fund founded in 1996 by Tiger Cub John Griffin. The fund generally targets “absolute returns.”
Why did Blue Ridge Capital sell Realogy Holdings in 3Q 2013?
John Griffin’s Blue Ridge Capital liquidated a 1.63% position in Realogy Holdings, a global leader in real estate franchising, in 3Q 2013.
Why did Blue Ridge Capital buy Blackberry shares in 3Q 2013?
The Canada-based mobile handset maker Blackberry Ltd. is a 0.22% position in Blue Ridge’s 3Q 2013 portfolio.
Why Blue Ridge Capital started a position in Tesla Motors in 3Q13
Electric car maker Tesla Motors (TSLA) accounts for a 1.16% position in Blue Ridge’s total portfolio as of 3Q 2013.
Blue Ridge Capital bought Cliffs Natural Resources shares in 3Q13
International mining and natural resources company Cliffs Natural Resources Inc. (CLF) occupies a 0.35% position in Blue Ridge’s 3Q 2013 portfolio.
Why did Griffin decide to buy American Homes 4 Rent in 3Q 2013?
American Homes 4 Rent, the Maryland real estate investment trust (REIT), accounts for 1.68% of Blue Ridge’s total portfolio.
Why Blue Ridge Capital increased its position in Avis Budget Group
Blue Ridge increased its position in car rental company Avis Budget Group (CAR) to 6.17% in November last year.