Expedia Chairman Barry Diller Moves to Simplify Corporate Structure


Skift Take

Expedia will stop being a controlled company after it acquires Liberty, and Barry Diller, chairman of Expedia, will own about 29 percent of the online travel group's voting power. The move makes the company's ownership structure more transparent, which is a good thing.

Expedia Group said Tuesday it will buy out Liberty Expedia Holdings in an all-stock deal. Until now, Expedia has been controlled by the investment vehicle run by Expedia Chairman Barry Diller. After the deal, Diller will own approximately 29 percent of Expedia's voting power.