John Malone's Liberty Interactive Corp said it would spin off its interest in travel information website TripAdvisor Inc and BuySeasons business into a new publicly traded company called Liberty TripAdvisor Holdings. The company also said it would split Liberty Interactive Corp into two new tracking stocks. Liberty Interactive common stock will be renamed QVC Group and the other would be named Liberty Digital Commerce.
Liberty Interactive Corporation owns interests in subsidiaries and other companies which are primarily engaged in the video and on-line commerce industries. Shares of LINTA remained unchanged at $22.86. In the past year, the shares have traded as low as $18.69 and as high as $25.25. On average, 2035510 shares of LINTA exchange hands on a given day and today's volume is recorded at 100.
TripAdvisor, Inc. (TripAdvisor) is an online travel research company, enabling users to plan and have a trip. Shares of TRIP remained unchanged at $70.67. In the past year, the shares have traded as low as $28.63 and as high as $82.19. On average, 1680230 shares of TRIP exchange hands on a given day and today's volume is recorded at 0.
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