Liberty Interactive Corporation - Liberty Ventures

LIBERTY INTERACTIVE CORPORATION INVESTMENT SUMMARY
(Based on publicly available information as of August 28, 2014)

Liberty Interactive Corporation operates and owns interests in a broad range of digital commerce businesses. Those interests are currently attributed to two tracking stock groups: Liberty Interactive Group and Liberty Ventures Group.

The following tables set forth some of Liberty Interactive Corporation’s major assets that are held directly and indirectly through partnerships, joint ventures, common stock investments and instruments convertible into common stock. Ownership percentages in the tables are approximate and, where applicable, assume conversion to common stock by Liberty Interactive Corporation and, to the extent known by Liberty Interactive Corporation, other holders. In some cases, Liberty Interactive Corporation’s interest may be subject to buy/sell procedures, repurchase rights or dilution.

 

 

Liberty Interactive Group

ENTITY

DESCRIPTION OF OPERATING BUSINESS

ATTRIBUTED OWNERSHIP

Backcountry.com, Inc.

eCommerce business that sells performance gear for motorsports, bicycling and backcountry adventures, including backpacking, climbing, skiing, snowboarding, trail running and adventure travel.

90%

Bodybuilding.com, LLC

eCommerce business that sells supplements, clothing, tanning supplies, accessories and other bodybuilding products. Also hosts an online site where visitors can network and exchange information related to bodybuilding.

90%

Commerce Technologies, Inc. (CommerceHub)

Leading provider of integration and fulfillment solutions for multi-channel eCommerce merchants.

99%

Evite, Inc.

Leading online invitation and social event planning service on the web.

100%

HSN, Inc.
(NASDAQ: HSNI)

A retailer and interactive lifestyle network offering an assortment of products through television home shopping programming on HSN television network and HSN.com.

38%

LMC Right Start, Inc. (Right Start)

eCommerce and traditional retailer of premium baby gear and products that offers parents a carefully selected assortment of products for their babies including travel gear, feeding products, décor and toys.

95%

Provide Commerce, Inc.

eCommerce marketplace company providing a collection of branded websites, offering high quality products shipped directly from the supplier to the consumer and designed specifically around the way consumers shop. Comprised of Cherry Moon Farms, gifts.com, Personal Creations, ProFlowers, ProPlants, RedEnvelope, Shari’s Berries and Sincerely.

100% 1

QVC, Inc.

One of the world’s leading video and digital commerce retailers, offering a curated collection of brands to millions of customers around the globe each day through broadcast, Internet, and mobile sales outlets.

100%


1) On July 30, 2014, FTD Companies, Inc. (“FTD”) and Liberty Interactive Corporation (“Liberty”) announced that they have executed a definitive agreement under which FTD will acquire Liberty’s Provide Commerce floral and gifting businesses. Under the terms of the $430 million transaction, Liberty will receive 10.2 million shares of FTD common stock representing 35% of the combined company and $121 million in cash. FTD and Liberty expect to complete the transaction by the end of 2014.


Liberty Ventures Group

ENTITY

DESCRIPTION OF OPERATING BUSINESS

ATTRIBUTED OWNERSHIP

Expedia, Inc.
(NASDAQ: EXPE)

Empowers business and leisure travelers with the tools and information needed to research, plan, book and experience travel. It also provides wholesale travel to offline retail travel agents. Expedia’s main companies include: Expedia.com, Hotels.com, Hotwire.com and Classic Vacations.

18% 1

Interval Leisure Group, Inc.
(NASDAQ: IILG)

Leading global provider of membership and leisure services to the vacation industry.

29%

Time Inc.
(NYSE: TIME)

One of the largest media companies in the world, with influential brands such as TIME, PEOPLE, Sports Illustrated, InStyle, Real Simple, Wallpaper, Travel + Leisure and Food & Wine

<1%

Time Warner Cable Inc.
(NYSE: TWC)

Among the largest cable operators in the U.S. offering residential and commercial video, high-speed data and voice services over its broadband cable systems.

2%

Time Warner Inc. (NYSE: TWX)

Media and entertainment company whose businesses include filmed entertainment, interactive services, television networks, cable systems, and publishing.

<1%

Tree.com, Inc. (Lending Tree)
(NASDAQ: TREE)

An online lending and real estate business that matches consumers with lenders and loan brokers.

25%



1) Liberty Interactive Corporation owns approximately 18% of Expedia common stock representing an approximate 58% voting interest. The Chairman of Expedia currently has the authority to vote these shares.