WeissLaw LLP: HSN, Inc. Merger May Not Be in the Best Interests of HSNI Shareholders

NEW YORK, July 12, 2017 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of HSN, Inc. ("HSNI" or the "Company") (NASDAQ: HSNI) in connection with the proposed acquisition of the Company by Liberty Interactive Corporation ("Liberty Interactive"). Under the terms of the acquisition agreement, the Company's shareholders will receive a fixed consideration of 1.65 shares of QVC Group's Series A common stock for each HSNI share they own, representing consideration of $38.55 based on QVC Group's Series A July 11 closing price.

WeissLaw is investigating whether HSNI's Board acted to maximize shareholder value prior to entering into the agreement. Notably, at least one analyst set a target price of $61.00 per share, nearly $23.00 above the per-share consideration. Additionally, HSNI shares traded above the per-share consideration as recently as March of this year, peaking at $53.63 in July of last year.

Moreover, according to the acquisition announcement, Liberty Interactive will gain numerous benefits from this deal, including:

    --  Increased scale and enhanced competitive positioning;
    --  Better market penetration through the optimization of programming across
        five U.S. network, and cross marketing to better engage existing and
        potential customers;
    --  Meaningful synergies through cost reduction and revenue growth
        opportunities; and
    --  Financial optionality due to HSNI lower debt leverage.

Given these facts, WeissLaw is investigating whether HSNI shareholders will obtain their fair and proportionate share of the Company's continued success and future growth prospects. If you own HSNI shares and would like more information about your rights or our investigation, or if you have information to share with us, please contact Joshua Rubin by telephone at [phone] or by email at [e-mail].

WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at [e-mail] or fill out the form on our website, http://www.weisslawllp.com/hsn-inc/.

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SOURCE WeissLaw LLP