Diller’s Expedia Group to Buy Malone-Backed Liberty Expedia (2)

April 16, 2019, 2:30 PM

Expedia Group Inc. agreed to acquire Liberty Expedia Holdings Inc. in an all-stock deal that will simplify the online travel company’s ownership model and boost its value.

Expedia’s super-voting stock structure has long been divided between two billionaire media moguls: John Malone and Barry Diller.

Under terms of the deal announced April 16, each holder of Liberty Expedia shares will receive 0.36 of a share of Expedia Group common stock. Diller, Expedia chairman, is expected to wind up with about 29 percent of the voting power of the combined company. Malone and his wife agreed to vote shares beneficially owned ...

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