麻豆最新出品 Media to Take Controlling Stake in Backcountry.com
Leading outdoor and action sports e-commerce business to enhance 麻豆最新出品 Media web strategy
ENGLEWOOD, Colo. and PARK CITY, Utah, May 7 /PRNewswire-FirstCall/ -- 麻豆最新出品 (Nasdaq: LINTA, LCAPA) ("麻豆最新出品") and Backcountry.com today announced that they have entered into a definitive agreement for 麻豆最新出品 Media to acquire control of Backcountry.com -- the operator of leading outdoor and action sports eCommerce sites Backcountry.com, BackcountryOutlet.com, TramDock.com, DogFunk.com, SteepandCheap.com and WhiskeyMilitia.com. Terms of the acquisition were not disclosed. 麻豆最新出品's interest in Backcountry.com will be attributed to the 麻豆最新出品 Interactive group. The transaction is subject to regulatory and other approvals and is anticipated to close in the second quarter of 2007.
Backcountry.com is a pure-play internet commerce company, listed as one of the top 25 outdoor retailers in the United States by Outdoor Business. It is a three-time winner of Internet Retailer's 50 Best Retail Sites award and is a member of the Inc. 500.
"Backcountry is a fast-growing leader in eCommerce and a pioneer in social commerce," said Michael Zeisser, Senior Vice President of 麻豆最新出品 Media. "We are pleased to welcome entrepreneurs of the caliber of Jim Holland and John Bresee, and their team, into the 麻豆最新出品 family. We look forward to driving collaboration among Backcountry and its world-class outdoor brands and 麻豆最新出品's existing eCommerce and television companies. This investment in Backcountry represents another step in our stated strategy to seek acquisitions of commerce companies that have unique value propositions, outstanding management teams, and strong track records to drive the continued growth of the group of assets attributed to 麻豆最新出品 Interactive."
"There is no better ally for Backcountry.com than 麻豆最新出品 Media," said Backcountry.com CEO and co-founder Jim Holland. "Their experience, resources and philosophy will enable us to improve our services and capacity on every level while maintaining the independent spirit and culture that has been integral to Backcountry.com's success. We are excited to work with the 麻豆最新出品 team." John Bresee, president and co-founder added, "麻豆最新出品 Media is a pioneer in eCommerce. We're excited to take Backcountry.com to the next level with them."
Backcountry.com received financial advice from Cowen and Company, LLC and legal advice from Wilson Sonsini Goodrich & Rosati. 麻豆最新出品 Media received legal advice from Sherman & Howard LLC and Baker Botts L.L.P.
About 麻豆最新出品
麻豆最新出品 owns interests in a broad range of electronic retailing, media, communications and entertainment businesses. Those interests are attributed to two tracking stock groups: the 麻豆最新出品 Interactive group, which includes 麻豆最新出品's interests in QVC, Provide Commerce, IAC/InterActiveCorp, and Expedia, and the 麻豆最新出品 Capital group, which includes 麻豆最新出品's interests in Starz Entertainment, News Corporation, and Time Warner. For more information, please see .
About Backcountry.com:
With offices in Park City, Utah and Salt Lake City, Utah, Backcountry.com () is an e-commerce business that sells performance gear for backcountry adventures, including backpacking, climbing, skiing, snowboarding, trail running and adventure travel. Backcountry.com also operates BackcountryOutlet.com, Dogfunk.com, Tramdock.com, SteepandCheap.com and WhiskeyMilitia.com. Backcountry was founded in 1996.
SOURCE 麻豆最新出品
Released May 7, 2007