TripAdvisor Chairman on Relationship With Expedia: It’s Complicated
Greg Maffei, the current chairman of TripAdvisor and a former chairman of Expedia, recently commented on the TripAdvisor-Expedia relationship, characterizing it as “coop-etition.”
Maffei just did a stock swap of Liberty TripAdvisor shares with John Malone, chairman of Liberty Media, and the transaction left Maffei wielding voting control of TripAdvisor. Malone is the chairman of Liberty Media while Maffei is the CEO of Liberty Media and also is the chief executive of Liberty TripAdvisor Holdings, of which Malone is chairman.
So Maffei knows something about complexity, and likewise feels that the relationship between TripAdvisor and Expedia Inc., which spun off TripAdvisor in late 2011, is “complicated.”
To say the least.