While individuals don’t have to worry about month or quarter end performance, it can be interesting to see which sectors or individual stocks have been performing exceptionally well or particularly poorly. It is even more interesting to us here when spinoff related names reside within those ‘best’ or ‘worst’ lists such as this past Q2 when spinoff related… Read More »
We came across this gem recently while perusing a transcript of IAC/InterActiveCorp’s(IACI) 4th quarter conference call. Diller is indeed a veteran of many spinoffs, including Expedia(EXPE) and its new progeny, TripAdvisor(TRIP) Ross Sandler – RBC Capital Markets Just two quick questions. Barry on that theme of using the past to kind of look at the future, given the… Read More »
Viking Global Investors filed a 13G yesterday, declaring a 6% passive stake in TripAdvisor(TRIP). It appears that the entire stake was purchased quite recently, as former TripAdvisor parent Expedia(EXPE) does not appear in the firm’s most recent 13F-HR, filed on November 14. As far as we can tell, Viking has never filed a 13D to take an active… Read More »
One of the more interesting (and attractive) attributes of spinoffs is that they don’t typically get a lot of attention from the media or ‘The Street’. Much rather talk about a birth (IPO) or a marriage (M&A) than a breakup. That has changed a bit over the past year though as several high profile companies announced spinoffs, which… Read More »
Confirming reports from Geekwire, AllThingsD learned from an Expedia (EXPE) spokesperson that Company President Scott Durchslag has resigned after 14 months on the job. The company said that CEO Dana Khosrowshahi would assume the additional role of President. Expedia CFO Michael Adler recently left after the completion of the TripAdvisor (TRIP) spinoff. Durchslag had previously held senior positions… Read More »
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. Disclosure: The author holds… Read More »
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 by Barry Diller’s IAC(IAC),… Read More »
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 travel site, while Expedia… Read More »