Market Snapshot
  • U.S.
  • Europe
  • Asia
Ticker Volume Price Price Delta
DJIA 15,354.40 +121.18 0.80%
S&P 500 1,667.47 +17.00 1.03%
Nasdaq 3,498.97 +33.72 0.97%
Ticker Volume Price Price Delta
STOXX 50 2,817.99 +11.29 0.40%
FTSE 100 6,723.06 +35.26 0.53%
DAX 8,398.00 +28.13 0.34%
Ticker Volume Price Price Delta
Nikkei 15,138.10 +100.88 0.67%
Hang Seng 23,082.70 +38.44 0.17%
S&P/ASX 200 5,180.77 +15.11 0.29%

Liberty Interactive’s John Malone to Join Expedia’s Board

John Malone, the billionaire chairman of Liberty Interactive Corp. (LINTA), rejoined the board of online travel company Expedia Inc. (EXPE) less than a month after resigning as a director.

Malone was elected to replace William Fitzgerald, who resigned, according to a U.S. Securities and Exchange Commission filing. Liberty, which is an Expedia shareholder, has the right to nominate two directors to the board based on an agreement signed a year ago.

Malone previously served as an Expedia board member from August 2005 until Nov. 29, 2012. The following day, Expedia released a filing, saying that Pamela Coe, a Liberty executive, was replacing Malone as a director after his resignation. Earlier this month, Liberty bought about $300 million of stock in TripAdvisor Inc. (TRIP), gaining voting control of the travel review site that was spun out of Expedia.

Expedia fell 2.2 percent to $59.59 at the close in New York today. The stock has more than doubled this year.

Representatives from Bellevue, Washington-based Expedia and Englewood, Colorado-based Liberty didn’t return calls for comment.

To contact the reporter on this story: Ari Levy in San Francisco at alevy5@bloomberg.net

To contact the editor responsible for this story: Tom Giles at tgiles5@bloomberg.net

Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.

Sponsored Link