Expedia to spin off TripAdvisor

Apr 08, 2011
Online travel giant Expedia announced plans on Thursday to spin off TripAdvisor into a separate publicly traded company later this year.

Online travel giant Expedia announced plans on Thursday to spin off TripAdvisor into a separate publicly traded company later this year.

Expedia shares soared 12.68 percent to $25.35 in after-hours trading following the announcement.

TripAdvisor, which was founded in 2000, provides reviews and advice on hotels, flights, vacation packages and other services.

It has sites in 29 countries and its various brands attract more than 50 million unique visitors a month.

The new company will be made up of TripAdvisor and its 18 other travel media and advertising brands, Expedia said.

It said stock in TripAdvisor will be distributed to Expedia stockholders.

Expedia said it expects the spin-off, which will need the approval of shareholders, to be completed in the third quarter of the year.

purchased in 2004 for $200 million.

Explore further: Alibaba steals Yahoo's thunder ahead of IPO

add to favorites email to friend print save as pdf

Related Stories

US may challenge Google's ITA buy: WSJ

Jan 13, 2011

The US Justice Department is preparing a potential court challenge to Google's $700 million acquisition of travel information company ITA Software, The Wall Street Journal reported Thursday.

Travel sites urge US to block Google takeover of ITA

Oct 26, 2010

A group of online travel firms urged the US authorities on Tuesday to block Google's purchase of flight information company ITA Software, saying it would give the Internet titan too much control over the lucrative ...

TripAdvisor warns of hotels posting fake reviews

Jul 16, 2009

(AP) -- The hotel review may sound too good - citing obscure details like the type of faucets - or perhaps one stands out as the only negative rating of an otherwise popular location.

Recommended for you

New US-Spanish firm says targets rich mobile ad market

2 hours ago

Spanish telecoms firm Telefonica and US investment giant Blackstone launched a mobile telephone advertising venture on Wednesday, challenging internet giants such as Google and Facebook in a multi-billion-dollar ...

Technip, Heerema win third giant Angolan oil contract

5 hours ago

The ultra-deep Angolan offshore oil project called Kaombo generated the third huge contract in three days on Wednesday when French group Total picked two firms to carry out underwater engineering worth $3.5 billion.

Yahoo sees signs of growth in 'core' (Update)

20 hours ago

Yahoo reported a stronger-than-expected first-quarter profit Tuesday, results hailed by chief executive Marissa Mayer as showing growth in the Web giant's "core" business.

User comments : 0

More news stories

Quantenna promises 10-gigabit Wi-Fi by next year

(Phys.org) —Quantenna Communications has announced that it has plans for releasing a chipset that will be capable of delivering 10Gbps WiFi to/from routers, bridges and computers by sometime next year. ...

New US-Spanish firm says targets rich mobile ad market

Spanish telecoms firm Telefonica and US investment giant Blackstone launched a mobile telephone advertising venture on Wednesday, challenging internet giants such as Google and Facebook in a multi-billion-dollar ...

Unlocking secrets of new solar material

(Phys.org) —A new solar material that has the same crystal structure as a mineral first found in the Ural Mountains in 1839 is shooting up the efficiency charts faster than almost anything researchers have ...

Floating nuclear plants could ride out tsunamis

When an earthquake and tsunami struck the Fukushima Daiichi nuclear plant complex in 2011, neither the quake nor the inundation caused the ensuing contamination. Rather, it was the aftereffects—specifically, ...