Expedia to be split into two companies

Expedia's board has given preliminarily approval to a plan to separate Expedia into two publicly traded companies. The Expedia brand will continue to include the domestic and international operations of the company's travel transaction brands, while TripAdvisor will be split off and include the domestic and international operations associated with the TripAdvisor Media Group, which includes its flagship brand as well as 18 other travel media and advertising brands. Expedia shares were down 0.4%.