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Article: Liberty Media to Acquire Celebrate Express.
- Article from:
- PR Newswire
- Article date:
- June 26, 2008
CopyrightCOPYRIGHT 2008 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Leading Provider of Party Supplies and Costumes Enhances Web Strategy
ENGLEWOOD, Colo. and KIRKLAND, Wash., June 26 /PRNewswire-FirstCall/ -- Liberty Media Corporation ("Liberty") and Celebrate Express ("Celebrate") today announced they have entered into a definitive agreement for Liberty to acquire Celebrate, a leading online and catalog retailer of party supplies and costumes marketed under the brands Birthday Express, 1st Wishes and Costume Express. Under the terms of the agreement approved by both boards of directors, Liberty will pay $31 million in cash, or $3.90 per Celebrate share. Celebrate will be attributed to the Liberty Interactive Group.
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