Expedia Jumps 15%: Splits Media, Bookings
Shares of online travel giant Expedia (EXPE) are halted after the company said this afternoon it will split in two: TripAdvisor, comprising travel media and advertising, and Expedia, Inc. for travel bookings. The split is expected to be a tax-free transaction, with either TripAdvisor shares given to Expedia holders, or a “reclassification” of Expedia shares, [...]