Expedia Group, Inc. (NASDAQ: EXPE) closed its acquisition of Liberty Expedia Holdings, Inc. (NASDAQ: LEXEA, LEXEB) in an all-stock transaction.
The deal was announced in April 2019.
In connection with the transaction, Barry Diller, Chairman and Senior Executive of Expedia Group, and his family foundation, exchanged shares of common stock of Expedia Group for shares of Expedia Group Class B common stock held by Liberty Expedia.
Mr. Diller and his family foundation remain the largest voting shareholder of Expedia Group, owning shares representing approximately 28% of the total voting power of Expedia Group.
Following the close of the transaction, Expedia Group will reduce its share count by approximately 3.1 million shares and will no longer be a controlled company under applicable NASDAQ rules.
As a result of the transaction, the Bodybuilding.com operating business is now wholly-owned by Expedia Group. Liberty Expedia common stock will no longer be traded on NASDAQ effective immediately.
In connection with the closing, the Liberty Expedia nominees to the Expedia Group Board of Directors have stepped down.
Expedia Group is a travel platform with technology capabilities across an extensive portfolio of businesses and brands on a global basis. Its family of travel brands includes Brand Expedia®, Hotels.com®, Expedia® Partner Solutions, Vrbo®, Egencia®, trivago®, HomeAway®, Orbitz®, Travelocity®, Hotwire®, Wotif®, ebookers®, CheapTickets®, Expedia Group™ Media Solutions, Expedia Local Expert®, CarRentals.com™, Expedia® CruiseShipCenters®, Classic Vacations®, Traveldoo®, VacationRentals.com and SilverRail™.