Liberty Interactive plans spinoffs of Expedia, CommerceHub

AP News
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Posted: Nov 12, 2015 8:52 AM

ENGLEWOOD, Colo. (AP) — Liberty Interactive plans to spin off the newly formed Expedia and CommerceHub businesses as separate companies to better focus on core operations.

Under the plans disclosed Thursday, Liberty Interactive's interest in the travel site Expedia would include Liberty's entire ownership stake in Expedia Inc. and Liberty subsidiary Bodybuilding.com LLC. The CommerceHub Inc. spinoff would only include only the CommerceHub business.

LibeExpedia Holdings Series A and Series B common stock will trade under the LEXEA/B ticker symbols, respectively. CommerceHub Series A and Series B shares will trade under CHUBA/B, respectively. All will trade on the Nasdaq.

Liberty Interactive Corp. expects the spin-offs will be completed in the first half of 2016.