Tom: No kidding, why?

Tina: According the company’s press release, Expedia believes that spinning off TripAdvisor as a public company is a financially lucrative move.

Tom: So the move is all about profitability for the company?

Tina: Of course. The company calls the move a “shareholder friendly transaction,” and “it is a matter of size, globalization and diversification of revenues.”

Tom: TripAdviser is the crown jewel of Expedia. It is too bad that it is going to be spun-off as an independent company.

Tina: I disagree. I think it could be a great thing. Did you know that the travel-media unit could be valued as much as $4 billion as a spin-off?

Tom: That’s awesome! Has the Board of Directors of the company approved the spin-off?

Tina: The Board of Directors has given their preliminary approval.

Tom: Does this deal need the shareholders’ approval?

Tina: It depends on the state law and the rules of the stock exchanges, which determine whether a company need shareholders’ approval for a spin-off or not. In this case, I believe it requires the approval of the shareholders.

Tom: I assume that once the deal is formally approved, Expedia shareholders will receive the company’s stocks for compensation.

Tina: I think so. The shareholders could receive a proportionate number of TripAdvisor shares if the spin-off is successful.

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