Liberty Media Buying Provide Commerce

Dec 5, 2005  •  Post A Comment

In bid to beef up its e-commerce strategy, John Malone’s Liberty Media said Monday that it is purchasing online retailer Provide Commerce for $477 million in cash.

The transaction is expected to close sometime next year. Liberty’s e-commerce presence includes, among other things, a controlling stake in Barry Diller’s IAC/InterActiveCorp.

Provide, which will remain a separate subsidiary of Liberty, sells flowers, fruit and other perishable items online.