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Celebrate Express Agrees to $31 Million Takeover by Liberty Media

Luke Timmerman 6/26/08

Celebrate Express, (NASDAQ: 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: 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.

Luke Timmerman is the National Biotechnology Editor for Xconomy. You can e-mail him at ltimmerman@xconomy.com, call 206-624-2374, or follow him on Twitter at http://twitter.com/ldtimmerman.

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