QVC Group, Inc 8-K, filed May 16, 2023
QVC Group, Inc. (QVCAQ)
About this 8-K
QVC Group, Inc filed this 8-K on May 16, 2023.
Items reported
- Item 7.01: Regulation FD disclosure
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Item 7.01. Regulation FD Disclosure.
On May 16, 2023, pursuant to the Series B Convertible Preferred Stock Purchase Agreement by and between Liberty Broadband Corporation (“Liberty Broadband”) and Qurate Retail, Inc. (together with its applicable subsidiary, “Qurate Retail”), Qurate Retail sold 27,509,203 shares of Series B Convertible Preferred Stock, par value $0.001 (the “Preferred Stock”), of comScore, Inc. (“comScore”) to Liberty Broadband for an aggregate purchase price of $57.5 million. The purchase price was based on many factors, including the current interest rate environment, the payment of regular dividends by comScore and a reduction in the value of the special dividend right and conversion feature of the Preferred Stock. The sale, which was completed in a private transaction exempt from the registration requirements under the Securities Act of 1933, as amended, is consistent with Qurate Retail’s previously-disclosed intention to monetize non-strategic assets. Charter Communications, Inc., in which Liberty Broadband owns a 26% equity interest, also owns shares of the Preferred Stock.
The disclosure in Item 7.01 of this Current Report on Form 8-K is being furnished to the Securities and Exchange Commission in satisfaction of the public disclosure requirements of Regulation FD and shall not be deemed "filed" for any purpose.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: May 16, 2023
| QURATE RETAIL, INC. | |
| | |
| | |
| By: | /s/ Katherine C. Jewell |
| | Name: Katherine C. Jewell |
| | Title: Vice President |
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