TripAdvisor(TRIP) began trading as an independent company today after its spinoff from Expedia(EXPE). Later, founder and CEO Stephen Kaufer, granted a fascinating interview to Chris Dixon of TechCrunchspeaking about his experience as founder of TripAdvisor, and about the company’s evolution and history. The video is a must-watch for anyone considering investing in the company....
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In a transaction we previously discussed here, Expedia(EXPE) will complete the spinoff of TripAdvisor(TRIP) on or around December 20. Immediately prior to the spin, Expedia will execute a 1 for 2 reverse split, and on December 20, TripAdvisor will be added to the S&P 500, replacing Tellabs(TLAB). Expedia, itself spun off several years ago...
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Companies with histories of spin-offs seem to have a penchant for that particular corporate transaction. Expedia (EXPE), which was spun out of IAC in 2005, announced today that they are planning on splitting the company into two separate pieces, TripAdvisor and Expedia Inc. TripAdvisor will run the current TripAdvisor Media Group, the world’s largest...
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