IAC shareholders approve Expedia group spinoff

NEW YORK -- IAC InterActiveCorp shareholders approve the spinoff of its travel businesses into a newly structured Expedia July 19.

The spinoff could be completed, with Expedias stock trading on Nasdaq under the symbol EXPE, as soon as Aug. 3 or 4.  

In a separate move, IAC completed the acquisition of search engine Ask Jeeves, which will remain in the IAC portfolio after the spinoff of the IAC travel businesses.

To contact the reporter who wrote this article, send e-mail to Dennis Schaal at[email protected].

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