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Liberty Interactive Buys Control of TripAdvisor

Published on December 11, 2012
by John Jannarone

John Malone’s Liberty Interactive Corp. is buying most of Barry Diller’s stake in TripAdvisor Inc. for about $300 million, in a deal that gives the investment company control of the travel-information Web site.

TripAdvisor shares jumped in early trading Tuesday following the new, which is likely to spark speculation about Liberty’s intentions for the company.

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