NEW YORK, Aug. 18, 2015 /PRNewswire/ -- The proposed acquisition of Zulily Inc. ("ZU" or the "Company") by Liberty Interactive Corporation ("Liberty Interactive") is being investigated by WeissLaw LLP for possible breaches of fiduciary duty and other violations of law by the Board of Directors of ZU. On August 17, 2015, the Company announced that its Board of Directors approved a definitive merger agreement for Liberty Interactive to acquire ZU in a cash-and-stock transaction valued at $2.4 billion. Under the terms of agreement, ZU shareholders will receive $9.375 in cash and 0.3098 of a newly issued share of Liberty Interactive for each ZU share owned. This represents a consideration of $18.75 based on the August 14, 2015 closing price of Liberty Interactive.

WeissLaw is investigating whether ZU's Board acted to maximize shareholder value. Notably, prior to the announcement the Company announced positive financial results for the second quarter of 2015. It reported gross profits of $92.5 million, as compared with $63.7 million in the same period of the previous year, representing a 14% increase year-over-year. Additionally, ZU also reported that gross margins increased to 31.1%, representing an increase of 270 basis points year-over year.

Given these facts, WeissLaw is investigating the Board's decision to sell ZU and whether ZU shareholders will obtain their fair and proportionate share of the Company's continued success and future growth prospects. If you own ZU shares and would like more information about your rights or our investigation, or if you have information to share with us, please contact Joshua Rubin by telephone at (888) 593-4771 or by email at stockinfo@weisslawllp.com.

WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at stockinfo@weisslawllp.com or fill out the form on our website, http://www.weisslawllp.com/contact/report_fraud/.

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SOURCE WeissLaw LLP