Expedia to spin off TripAdvisor

Expedia plans to spin off its TripAdvisor unit as a publicly held business around December 20th, letting investors bet on its fast-growing travel-recommendation service.

7th December, 2011
Expedia to spin off TripAdvisor
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Expedia plans to spin off its TripAdvisor unit as a publicly held business around December 20th, letting investors bet on its fast-growing travel-recommendation service.

The TripAdvisor spinoff, first announced in April, was “overwhelmingly approved” by Expedia stockholders at its annual meeting, the Washington-based company said today in a statement. As part of the move, Expedia will consolidate its shares with a reverse 1-for-2 stock split.

After the TripAdvisor deal, all of its outstanding...

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