Billionaire John Malone's Liberty Interactive Corp took control of travel information site TripAdvisor Inc after it bought about 5 million shares in the company from media veteran Barry Diller.Shares of TripAdvisor jumped 7 percent to $41.12 on the Nasdaq, while those of peers Expedia Inc and Orbitz Worldwide Inc were also up in morning trade.Diller resigned as TripAdvisor's chairman but will continue as a director, the companies said in a statement."My only reason for resigning as chairman and disposing of my interests is that I have more obligations than time," said Diller, who controlled the majority of voting rights in TripAdvisor through shares he owned and those granted in proxy by Liberty.
Expedia, Inc. provides travel agency services in the United States, the United Kingdom, Germany, Canada, France, Italy and the Netherlands via the Internet. Shares of EXPE traded higher by 3.53% or $2.04/share to $59.75. In the past year, the shares have traded as low as $27.28 and as high as $62.80. On average, 2575030 shares of EXPE exchange hands on a given day and today's volume is recorded at 1641234.
Liberty Interactive Corporation (Liberty), formerly Liberty Media Corporation, owns interests in subsidiaries and other companies which are primarily engaged in the video and on-line commerce industries. Shares of LINTA traded higher by 0.05% or $0.01/share to $19.15. In the past year, the shares have traded as low as $15.13 and as high as $20.95. On average, 3955610 shares of LINTA exchange hands on a given day and today's volume is recorded at 705681.
Orbitz Worldwide, Inc., is a global online travel company that uses technology to enable leisure and business travelers to search for and book a range of travel products and services. Shares of OWW traded higher by 3.45% or $0.08/share to $2.40. In the past year, the shares have traded as low as $2.07 and as high as $4.75. On average, 251774 shares of OWW exchange hands on a given day and today's volume is recorded at 74624.
TripAdvisor, Inc. (TripAdvisor) is an online travel research company, enabling users to plan and have a trip. Shares of TRIP traded higher by 9.17% or $3.52/share to $41.91. In the past year, the shares have traded as low as $23.99 and as high as $47.81. On average, 2744890 shares of TRIP exchange hands on a given day and today's volume is recorded at 4607610.
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