M&A Deal Summary

FTD Acquires Provide Commerce

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

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

M&A Deal Summary
Date 2014-12-31
Target Provide Commerce
Sector Internet Software and Services
Buyer(s) FTD
Sellers(s) Liberty Media
Deal Type Divestiture
Deal Value 145M USD

Target

Provide Commerce

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

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Buyer(S) 1

Buyer

FTD

Downers Grove, Illinois, United States
Category Company
Founded 1910
Sector E-Commerce
Employees1,333
Revenue 1.0B USD (2018)
DESCRIPTION
Entrance to FTD's corporate headquarters in Downers Grove, Illinois.
Entrance to FTD's corporate headquarters in Downers Grove, Illinois.

FTD 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 was founded in 1910 and 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

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

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

Englewood, Colorado, United States
Category Company
Founded 1991
Sector Media
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

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

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 -
Mergr

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