Celebrate Express, (NASDAQ: [[ticker:BDAY]]) the Kirkland, WA-based online retailer of party supplies, said today it has agreed to be acquired by Liberty Media for $31 million in cash, or $3.90 a share. Liberty, (NASDAQ: [[ticker:LINTA]] based in Englewood, CO, plans to merge its new property with Buyseasons, another online party supplier retailer it bought in 2006. The sale provides a 70 percent premium for shareholders over today’s closing price of $2.30.
Author: Luke Timmerman
Luke is an award-winning journalist specializing in life sciences. He has served as national biotechnology editor for Xconomy and national biotechnology reporter for Bloomberg News. Luke got started covering life sciences at The Seattle Times, where he was the lead reporter on an investigation of doctors who leaked confidential information about clinical trials to investors. The story won the Scripps Howard National Journalism Award and several other national prizes. Luke holds a bachelor’s degree in journalism from the University of Wisconsin-Madison, and during the 2005-2006 academic year, he was a Knight Science Journalism Fellow at MIT.
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