M&A Deal Summary

FTD Companies Acquires Provide Commerce

On December 31, 2014, FTD Companies, Inc. acquired internet software and services company Provide Commerce, Inc. from Liberty Media Corp. for 145M USD

Acquisition Highlights
  • This is FTD Companies’ 1st transaction in the Internet Software and Services sector.
  • This is FTD Companies’ 1st largest (disclosed) transaction.
  • This is FTD Companies’ 1st transaction in the United States.
  • This is FTD Companies’ 1st transaction in California.

M&A Deal Summary

Date 2014-12-31
Target Provide Commerce, Inc.
Sector Internet Software and Services
Buyer(s) FTD Companies, Inc.
Sellers(s) Liberty Media Corp.
Deal Type Divestiture
Deal Value 145M USD

Target

Provide Commerce, Inc.

San Diego, California, United States
website
Provide Commerce Inc. is a provider of flowers, gourmet food and gifts e-commerce sites,

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Buyer(S) 1

Buyer

FTD Companies, Inc.

Downers Grove, Illinois, United States

website


Category Company
Founded 1910
SectorE-Commerce
Employees1,333
Revenue 1.0B USD (2018)
DESCRIPTION
FTD's corporate headquarters in Downers Grove, Illinois.
FTD's corporate headquarters in Downers Grove, Illinois.

FTD Companies, Inc. provides floral, specialty foods, gift and related products and services to consumers, retail florists, and other retail locations and companies in need of floral and gifting solutions. FTD's portfolio of brands includes ProFlowers, ProPlants, Shari’s Berries, Personal Creations, RedEnvelope, Cherry Moon Farms, Flying Flowers, Flowers Direct, Sesame, Ink Cards, Postagram, and Gifts.com. FTD is based in Downers Grove, Illinois.


DEAL STATS #
Overall 2 of 2
Sector (Internet Software and Services) 1 of 1
Type (Divestiture) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2014) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-07-31 Interflora Holdings Ltd.

Sleaford, United Kingdom

Interflora Holdings Ltd. is a provider of floral-related products and services to consumers and retail floral locations in the UK. Interflora Holdings Ltd. was founded in 2004 and is based in Sleaford, United Kingdom.

Buy £66M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-03 Interflora Holdings Ltd.

Sleaford, United Kingdom

Interflora Holdings Ltd. is a provider of floral-related products and services to consumers and retail floral locations in the UK. Interflora Holdings Ltd. was founded in 2004 and is based in Sleaford, United Kingdom.

Sell $60M

Seller(S) 1

SELLER

Liberty Media Corp.

Englewood, Colorado, United States

website


Category Company
Founded 1991
SectorMedia
Revenue 9.4B USD (2020)
DESCRIPTION
Liberty Media's corporate headquarters in Englewood, Colorado.
Liberty Media's corporate headquarters in Englewood, Colorado.

Liberty Media owns interests in a broad range of media, communications and entertainment businesses. Those interests include subsidiaries SiriusXM, Atlanta National League Baseball Club Inc., and True Position Inc., interests in Charter Communications and Live Nation and minority equity investments in Barnes & Noble, Time Warner Cable, Time Warner Inc., and Viacom. Liberty Media was founded in 1991 and is based in Englewood, Colorado.


DEAL STATS #
Overall 1 of 4
Sector (Internet Software and Services) 1 of 1
Type (Divestiture) 1 of 4
State (California) 1 of 1
Country (United States) 1 of 4
Year (2014) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-07-08 LMC Right Start, Inc.

Denver, Colorado, United States

LMC Right Start, Inc. is a retailer of juvenile products for infants through toddlers.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-01 Backcountry.com LLC

Park City, Utah, United States

Backcountry.com LLC is an online specialty retailer of premium outdoor gear. The quality and breadth of our products, the knowledge and empowered service of our Gearheads, the lightning-fast speed of our fulfillment, and the shared gear knowledge of our community enable its customer’s passions outside.

Sell -