John Malone's Liberty Interactive Corp filed with regulators to spin off its 22 percent stake in travel website TripAdvisor Inc and 100 percent ownership of online retailer BuySeasons. A new company, Liberty TripAdvisor, which will hold the stakes, will offer 72.6 million series A common shares valued at up to $3.07 billion. The company will also offer 2.9 million series B common shares. (r.reuters.com/xux98v)
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 traded higher by 0.34% or $0.1/share to $29.15. In the past year, the shares have traded as low as $21.68 and as high as $30.68. On average, 2440010 shares of LINTA exchange hands on a given day and today's volume is recorded at 1657599.
TripAdvisor, Inc. (TripAdvisor) is an online travel research company, enabling users to plan and have a trip. Shares of TRIP traded higher by 2.55% or $2.11/share to $84.71. In the past year, the shares have traded as low as $51.72 and as high as $109.79. On average, 2486260 shares of TRIP exchange hands on a given day and today's volume is recorded at 2783283.
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