Liberty Media Corporation will acquire Provide Commerce, Inc., an ecommerce marketplace of websites for perishable goods marketed under the brands: ProFlowers, Cherry Moon Farms, Uptown Prime, and Secret Spoon. Under the terms of the agreement approved by both boards of directors, Liberty will pay $477 million in cash, or $33.75 per Provide share.

Liberty Media Corporation owns a broad range of electronic retailing, media, communications and entertainment businesses and investments including QVC, Encore, Starz, IAC/InterActiveCorp, Expedia and News Corporation. John C. Malone, Liberty's Chairman and Chief Executive Officer, said, "We believe in the power of video to drive television and web-based retailing businesses and Provide is a compelling addition to our strategy."

The proposed transaction is expected to close in the second calendar quarter of 2006.

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