Edition:
India

Barry Diller Enters Into New Arrangements As Part Of Expedia Group, Liberty Expedia Holdings Merger


Wednesday, 17 Apr 2019 

April 16 (Reuters) - Expedia Group Inc ::BARRY DILLER ENTERS INTO NEW ARRANGEMENTS AS PART OF EXPEDIA GROUP, LIBERTY EXPEDIA HOLDINGS MERGER.EXPEDIA GROUP - CHAIRMAN BARRY DILLER ENTERED INTO AN EXCHANGE AGREEMENT WITH LIBERTY EXPEDIA AND A NEW GOVERNANCE AGREEMENT WITH EXPEDIA GROUP.EXPEDIA GROUP- DILLER MAY EXCHANGE ABOUT 5.7 MILLION SHARES EXPEDIA GROUP COMMON STOCK HE OWNS FOR AN EQUIVALENT NUMBER OF EXPEDIA GROUP CLASS B SHARES.EXPEDIA- DILLER TO HAVE PURCHASE/EXCHANGE RIGHT FOR 9 MONTHS POST CLOSING OF LIBERTY DEAL IN WHICH HE MAY ACQUIRE ADDITIONAL CO GROUP CLASS B SHARES.IF PURCHASE/EXCHANGE RIGHT IS EXERCISED IN FULL, DILLER WOULD HAVE ABOUT 49 PERCENT OF VOTING POWER OF CO.