FTD Companies News / Press Releases

30 July

FTD Companies, Inc. and Provide Commerce to Combine Businesses Creating a Floral and Gifting Company With Annual Revenue of Over $1 Billion

DOWNERS GROVE, Ill. and ENGLEWOOD, Colo., July 30, 2014 (GLOBE NEWSWIRE) -- FTD Companies, Inc. ("FTD") (Nasdaq:FTD) and Liberty Interactive Corporation ("Liberty") (Nasdaq:LINTA) (Nasdaq:LINTB) (Nasdaq:LVNTA) (Nasdaq:LVNTB) today announced that they have executed a definitive agreement under which FTD will acquire Liberty's Provide Commerce floral and gifting businesses. Under the terms of the $430 million transaction, Liberty will receive 10.2 million shares of FTD common stock representing 35% of the combined company and $121 million in cash. FTD and Liberty expect to complete the transaction by the end of 2014.
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Our History

The rich heritages of FTD and Interflora began in the early 20th century. Innovation and creativity remain at the forefront of both iconic brands.

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