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NEW YORK, Aug. 9 /PRNewswire-FirstCall/ — IAC/InterActiveCorp (Nasdaq: IACI) today announced the successful completion of the

NEW YORK, Aug. 9 /PRNewswire-FirstCall/ — IAC/InterActiveCorp (Nasdaq: IACI) today announced the successful completion of the spin-off of Expedia, Inc. to IAC shareholders. Immediately prior to the spin-off, IAC effected a one-for-two reverse stock split. As a result, holders of IAC common stock received one share of Expedia common stock and one share of IAC common stock for every two shares of IAC common stock held immediately prior to the completion of the reverse stock split and the spin-off.

Today, Expedia will begin trading regular way as an independent publicly traded company on the Nasdaq National Market under the symbol “EXPE” and IAC will begin trading excluding Expedia. IAC common stock will trade under the symbol “IACID” for a period of up to 20 trading days to provide notice to the market of the extraordinary event affecting the stock. After that period, IAC common stock will commence trading under the symbol “IACI.” .

Beginning today, each warrant that trades on the Nasdaq National Market under the ticker symbol “IACIW” will entitle its holder to purchase one half of one share of IAC common stock at an exercise price of $19.49 per warrant
and each warrant that trades on the Nasdaq National Market under the ticker symbol “IACIZ” will entitle its holder to purchase 0.969375 shares of IAC common stock at an exercise price of $14.44 per warrant. In addition, two
new warrants to purchase shares of Expedia common stock will begin trading today.

Each warrant that trades on the Nasdaq National Market under the ticker Symbol “EXPEW” will entitle its holder to purchase one half of one share of Expedia common stock at an exercise price of $15.61 per warrant and each warrant that trades on the Nasdaq National Market under the ticker symbol “EXPEZ” will entitle its holder to purchase 0.969375 shares of Expedia common stock at an exercise price of $11.56 per warrant.

About IAC/InterActiveCorp
IAC operates leading and diversified businesses in sectors being transformed by the internet, online and offline … our mission is to harness the power of interactivity to make daily life easier and more productive for people all over the world. To view a full list of the companies of IAC please visit our website at http://iac.com.

About Expedia, Inc.
Expedia, Inc. is one of the world's leading travel services companies. With its portfolio of leading travel brands, Expedia, Inc. empowers business and leisure travelers with the tools and information they need to easily research, plan, book and experience travel. The company also provides wholesale travel to offline retail travel agents. Expedia, Inc.'s main websites includes: Expedia.com®, Hotels.com™, Hotwire®, Expedia® Corporate Travel, Trip Advisor™ and Classic Custom Vacations®. Expedia,
Inc. also operates international sites in Canada, United Kingdom, Germany, France, Italy, Netherlands and China through its investment in eLong™.

Contacts:
IAC Investor Relations
Roger Clark / Eoin Ryan
(212) 314-7400

IAC Corporate Communications
Deborah Roth / Andrea Riggs
(212) 314-7254 / (212) 314-7280

Expedia Investor Relations
Stu Haas
(425) 679-7852

Expedia Corporate Communications
Jason Reindorp
(425) 679-7396

SOURCE IAC/InterActiveCorp
Web Site: http://www.iac.com

Expedia compensates authors for their writings appearing on this site, such compensation may include travel and other costs.

Expedia Guest Author

This is the guest author of the Expedia Viewfinder blog. Here you’ll find travel tips, in-destination features, the latest on new products from Expedia and more – all from an eclectic group of travel industry insiders and influencers. Are you an avid traveler with something to share? If so, we’d love to hear from you. If you’re interested in being a guest author send us an email at viewfinder@expedia.com and tell us a little bit more about yourself and what you’re interested in writing about. If we think there’s a good fit, we’ll reply back with more information. Thank you and safe travels!

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