Now we know who's buying Martha Stewart

Martha Stewart

(AP) Martha Stewart Living is selling to Sequential Brands.

Martha Stewart Living is selling to Sequential Brands, the New York-based conglomerate.

The deal will be for $6.15 a share, valuing the home goods maven's company at more than $400 million.

Late last week, shares of Martha Stewart Living soared to around the $7 mark as investors got ready for a deal announcement.

At $6.15 a share, the stock is down substantially from the premium investors were paying Thursday and Friday.

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