Expedia to Spin Off TripAdvisor in Q3

By Leena Rao

Travel search and booking giant Expedia (EXPE) is spinning off trip reviews site TripAdvisor as a public company. In a release, Expedia said that its Board of Directors has preliminarily approved the plan to separate Expedia into two publicly traded companies.

Expedia/IAC (IACI) must feel that spinning off TripAdvisor as a public company could be a financially lucrative move. TripAdvisor, which was founded in 2000, was originally bought by IAC for $212 million in 2004. IAC spun off Expedia, which included TripAdvisor