Liberty Interactive to buy online retailer Zulily for $2.4 billion

Liberty Media Corp. chairman John Malone arrives at the annual Allen and Co. conference at the Sun Valley, Idaho Resort July 12, 2013.

/Rick Wilking

John Malone's Liberty Interactive Corp (QVCA.O) said it would acquire online retailer Zulily Inc (ZU.O) in a cash and stock deal valued at $2.4 billion.Liberty Interactive said it would buy Zulily for $18.75 per share, or $9.375 in cash and 0.3098 newly issued share of Liberty Interactive for each Zulily share. (Reporting by Devika Krishna Kumar in Bengaluru; Editing by Sayantani Ghosh)