Amazon Competitor Zulily Curtails Operations, Lays Off Hundreds
In 2015, Zulily was purchased by Liberty Interactive-QVC, later renamed Qurate, for a reported $2.4 billion. In May this year, Qurate sold the company to Los Angeles private equity firm Regent.
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Shares of the four companies -- Yodlee, Zulily, Rentrak and KLA-Tencor -- jumped when takeovers were announced.
Nov 26, 2015, 02:21 AM ISTAlibaba acquires stake in US online retailer Zulily
The Seattle-based retailer primarily sells clothing, toys and other items for kids and is mainly marketed towards mothers.
May 09, 2015, 22:26 PM IST