{"id":373312,"date":"2011-04-07T22:57:48","date_gmt":"2011-04-07T22:57:48","guid":{"rendered":"http:\/\/www.ghanamma.net\/2011\/04\/07\/expedia-to-spin-off-tripadvisor\/"},"modified":"2011-04-07T22:57:48","modified_gmt":"2011-04-07T22:57:48","slug":"expedia-to-spin-off-tripadvisor","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2011\/04\/07\/expedia-to-spin-off-tripadvisor\/","title":{"rendered":"Expedia to spin off TripAdvisor"},"content":{"rendered":"

\n \t\t
\n 7 April 2011<\/span>
\nLast updated at <\/span>18:57 ET<\/span>
\n<\/span><\/p>\n

The board of the world’s largest online travel company Expedia has approved a plan to spin off its TripAdvisor brand.<\/p>\n

Expedia said it intended to split into two publicly traded companies by the third quarter of 2011.<\/p>\n

TripAdvisor will be separated, while Expedia will continue to include brands Hotels.com, Hotwire and others.<\/p>\n

TripAdvisor offers travel advice and reviews posted by other travellers and attracts more than 40 million visitors a month across 29 countries.<\/p>\n

The spin-off is subject to conditions.<\/p>\n

The board said it expected the transaction to take “the form of a distribution of stock of TripAdvisor to Expedia shareholders or a reclassification of stock, with the holders of Expedia stock to receive a proportionate amount of TripAdvisor stock”. <\/p>\n

In either case it will be a tax free transaction, the board added. <\/p>\n

Shares in Expedia rose 15% to $25.89 in after-hours trading in New York.<\/p>\n<\/p><\/div>\n<\/p>\n

Read more:
\nExpedia to spin off TripAdvisor<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

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