Company History

The Evolution of Liberty TripAdvisor

The summary below includes events at Liberty TripAdvisor Holdings following the 2014 spin-off from Qurate Retail, Inc. (formerly Liberty Interactive Corporation). For information on Qurate Retail, Inc.’s history, please refer here.

Timeline

August 27, 2014

Liberty Interactive Corporation’s Liberty Ventures Group tracking stock completes the spin-off of its controlling interest in TripAdvisor Inc. and former subsidiary BuySeasons into a new asset backed stock; Liberty TripAdvisor Holdings, Inc. (NASDAQ: LTRPA/B).

Press Release

March 16, 2020

Liberty TripAdvisor announces a $325 million investment by funds managed by Certares Management LLC, whereby Certares purchased $325 million of 8% Series A Cumulative Redeemable Preferred Stock. The net proceeds from this investment, combined with $34 million of secured borrowings against a variable price forward and cash on hand, were used to repay 100% of the outstanding balance under Liberty TripAdvisor’s then-existing margin loan. Upon completion of this investment, Greg O’Hara, Founder and Senior Managing Director of Certares, joined the Liberty TripAdvisor Board.

Press Release

Looking For

Liberty Media Liberty Trip Advisor Holdings Qurate Retail Liberty Media Acquisition Corporation