TripAdvisor Chairman on Relationship With Expedia: It's Complicated
Skift Take
It's has to be a comeuppance for Expedia to see its offspring, TripAdvisor, turn into such a formidable frenemy. On the other hand, Expedia shareholders made plenty of money off the TripAdvisor spinoff and are laughing all the way to the bank.
Greg Maffei, the current chairman of TripAdvisor and a former chairman of Expedia, recently commented on the TripAdvisor-Expedia relationship, characterizing it as "coop-etition."
Maffei just did a stock swap of Liberty TripAdvisor shares with John Malone, chairman of Liberty Media, and the transaction left Maffei wielding voting control of TripAdvisor. Malone is the chairman of Liberty Media while Maffei is the CEO of Liberty Media and also is the chief executive of Liberty TripAdvisor Holdings, of which Malone is chairman.
So Maffei knows something about complexity, and likewise feels that the relationship between TripAdvisor and Expedia Inc.,
