Tuesday, September 2, 2008

Celebrate Express Completes Merger

Online and catalog retailer Celebrate Express Inc. announced Friday that it has completed its $31 million merger with a Liberty Media Corp. subsidiary. Liberty Media will pay shareholders $3.90 per share of its common stock for Celebrate Express, with Celebrate Express becoming part of Liberty Interactive Group. As a result of the merger, Celebrate Express said it has filed to have its stock delisted from NASDAQ. Celebrate Express is headquartered in Kirkland, Wash. Liberty Media is based in Englewood, Colo. Celebrate Express originally announced the deal in June.