Expedia Group Inc. offered to acquire Liberty Expedia in a stock swap that would simplify the online travel company’s ownership model and boost its value.
Terms of the deal haven’t been negotiated yet, but if successful, the transaction would streamline Expedia’s super-voting stock structure, which has long been divided between two 77-year-old billionaire media moguls: John Malone and Barry Diller.
Malone is worth $8.7 billion and chairs Liberty Global, a popular TV and broadband company, while Diller, chairman of Expedia and IAC/InterActiveCorp., has a fortune of $4.7 billion, according to the Bloomberg Billionaires Index.
Stemming from a deal made back ...
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