Bloomberg the Company

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Follow Us

Industry Products

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

Don't Miss Out —
Follow us on:

Dec. 21 (Bloomberg) -- John Malone, the billionaire chairman of Liberty Interactive Corp., rejoined the board of online travel company Expedia Inc. 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., 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