John Malone’s Liberty Interactive Corp (LINTA.O) / Liberty Ventures (LVNTA) filed with regulators to spin off its stake in travel website TripAdvisor Inc (TRIP.O) and ownership of online retailer BuySeasons into a separate company valued at about $3 billion. The new company, Liberty TripAdvisor Holdings Inc, will hold Liberty Interactive’s 22 percent stake in TripAdvisor and 100 percent ownership of BuySeasons. Liberty TripAdvisor will offer 72.6 million series A common shares valued at up to $3.07 billion and also offer 2.9 million series B common shares, Liberty Interactive said in a regulatory filing on Tuesday. Liberty TripAdvisor expects to list the A and B shares on the Nasdaq under the symbols “LTRPA” and “LTRPB”. Shareholders of “LVNTA” and “LVNTB” will receive shares of “LTRPA” and “LTRPB”. No shares will be distributed to shareholders of “LINTA” OR “LINTB”.
Link to Registration Statement
