On Monday, Shares of eBay Inc (NASDAQ:EBAY), lost -3.26% to $24.93.
eBay Motors, declared that eBay will be offering all US buyers access to take part in the Assurant Protection Plan. Through the plan, eBay Motors shoppers can purchase extended service contracts on new, used, and refurbished automotive parts and accessories.
“At eBay, our customers are top of mind, and we are continually looking for ways to assist improve the buying and selling process on eBay,” said Sree Menon, general manager, eBay Motors. “When shopping for auto parts & accessories, we’ve found that online shoppers are looking for warranties and guarantees, which will enable them to shop with a higher level of confidence. In partnership with Assurant Solutions, we’re giving customer’s peace of mind when shopping on eBay for parts & accessories – regardless if it’s a new or used item. Coupled with our current Vehicle Protection Program, customers will now have an extra layer of protection to facilitate worry-free shopping.”
eBay Inc. operates as a technology company that enables commerce and payments on behalf of users, merchants, retailers, and brands of various sizes in the United States and internationally. It operates in three segments: Marketplaces, Payments, and Enterprise.
Finally, Liberty Ventures (NASDAQ:LVNTA), ended its last trade with -3.82% loss, and closed at $38.01.
Liberty Interactive Corporation and zulily, declared that they have reached a definitive agreement under which Liberty Interactive will acquire all outstanding shares of zulily for $18.75 per share. The acquisition will be attributed to Liberty Interactive’s QVC Group tracking stock.
“We are excited for zulily to join the Liberty family,” stated Greg Maffei, Liberty Interactive President, and CEO. “Darrell, Mark and their team have built an impressive business around entertainment, discovery, and value to the customer, which fits perfectly with the QVC philosophy. Combined under Liberty, we have an incredible opportunity to delight shoppers from the TV to the Internet.”
The projected transaction will bring two highly complementary businesses under common ownership and further strengthen QVC’s leadership position in experiential, discovery driven shopping. While QVC and zulily will be operated as separate consumer facing brands, the partnership creates numerous exciting opportunities, counting leveraging QVC’s global scale, curation, vendor relationships and video commerce expertise at zulily. Similarly, zulily’s younger customer demographic, personalization expertise and eCommerce capabilities will boost QVC.
Liberty Ventures tracks the economic performance of Expedia, Inc., TripAdvisor, Inc., Tree.com, Inc., Interval Leisure Group, Inc., Time Warner Inc., Time Warner Cable Inc., and AOL, Inc. The company is based in the United States. Liberty Ventures operates as a partner of Liberty Interactive Corporation.
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