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Zulily’s Buyout Spike Leaves It Less Valuable Then When It Went Public

 For investors of Zulily, today is a good day. The company has agreed to be acquired by the parent company of QVC in a roughly $2.4 billion deal. The agreement values Zulily at $18.75 per share, up nearly 50 percent from its prior close. Temper your excitement. When Zulily went public, it sold 11 million shares at $22 apiece. As TechCrunch wrote at the time, the online deal shop had a massive… Read More