West Chester, Pa. - Liberty Interactive Corporation plans to create a QVC Group tracking stock as part of a recapitalization of the Liberty Interactive Group tracking stock. The QVC Group class of common stock will track the value of QVC, Inc. and Liberty's approximate 38% interest in HSN, Inc., along with cash and certain liabilities.
The QVC Group tracking stock is intended to provide greater clarity regarding QVC's operating metrics, such as its participation in mobile commerce and efforts in establishing social shopping platforms for its customers. The other assets and liabilities that currently comprise the Liberty Interactive tracking stock, including Liberty's e-commerce companies, will be attributed to a new Liberty Digital Commerce tracking stock. QVC is a wholly-owned subsidiary of Liberty Interactive.