Expedia 2015 Annual Report Download - page 6

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• Orbitz Worldwide, a global travel portfolio including Orbitz, ebookers, HotelClub and
CheapTickets, brands and business-to-business offerings, including Orbitz Partner Network and
Orbitz for Business;
• Travelocity, a pioneer in online travel and a leading online travel brand in the United States and
Canada;
• Expedia®Affiliate Network (“EAN”), which powers bookings for some of the world’s leading
airlines and hotels, top consumer brands, high traffic websites, and thousands of active affiliates;
• HomeAway, an online market-place for the vacation rental industry, which also includes the
VRBO, VacationRentals.com and BedandBreakfast.com brands, among others;
• Egencia®, a leading corporate travel management company;
• trivago GmbH (“trivago”), a leading online hotel metasearch company with sites in 55 countries;
• Venere.com™, an online hotel reservation specialist in Europe;
• Wotif.com Holdings Limited (“Wotif Group”), a leading portfolio of travel brands, including
Wotif.com, Wotif.co.nz, lastminute.com.au®, lastminute.com.nz and travel.com.au;
• CarRentals.com™, the premier car rental booking company on the web;
• Classic Vacations®, a top luxury travel specialist;
• Expedia Local Expert®(“LX”), a provider of online and in-market concierge services, activities,
experiences and ground transportation in hundreds of destinations worldwide; and
• Expedia®CruiseShipCenters®, a provider of exceptional value and expert advice for travelers
booking cruises and vacations through its network of 200 retail travel agency franchises across
North America.
Summary of the Spin-Off from IAC/InterActiveCorp
On August 9, 2005, IAC/InterActiveCorp (“IAC”) completed the spin-off of substantially all of its travel
and travel-related businesses by way of the distribution of all outstanding shares of Expedia, Inc., a newly-
formed Delaware corporation, to IAC stockholders. Upon completion of the spin-off from IAC, Expedia shares
began trading on The Nasdaq Global Select Market under the symbol “EXPE.”
Summary of the Spin-Off of TripAdvisor, Inc.
On December 20, 2011, following the close of trading on the Nasdaq Stock Market, Expedia completed the
spin-off of TripAdvisor, Inc. (“TripAdvisor”), a Delaware corporation, to Expedia stockholders. We refer to this
transaction as the “spin-off.” TripAdvisor consists of the domestic and international operations previously
associated with Expedia’s TripAdvisor Media Group and is now a separately traded public company, trading
under the symbol “TRIP” on The Nasdaq Global Select Market. Expedia continues to own and operate our
remaining businesses — the domestic and international operations of our travel transaction brands — as a
separately traded public company, trading under the symbol “EXPE” on The Nasdaq Global Select Market.
Equity Ownership and Voting Control
As of December 31, 2015, there were 137,459,353 shares of Expedia common stock, including
approximately 20 million shares issued in connection with the HomeAway acquisition, and 12,799,999 shares of
Expedia Class B common stock outstanding. Expedia stockholders are entitled to one vote for each share of
common stock and ten votes for each share of Class B common stock outstanding. As of December 31, 2015,
Liberty Interactive Corporation (“Liberty”), through a wholly-owned subsidiary, held approximately 8% of
Expedia’s outstanding common stock and 100% of Expedia’s outstanding Class B common stock (or, assuming
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