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Liberty Interactive files to spin off stake in TripAdvisor
May 6, 2014 / 11:25 AM / 3 years ago

Liberty Interactive files to spin off stake in TripAdvisor

May 6 (Reuters) - 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)

Reporting by Mridhula Raghavan in Bangalore; Editing by Sriraj Kalluvila

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