Potter Anderson Serves as Delaware Counsel to Liberty Expedia in Acquisition by Expedia Group
April 16, 2019
Expedia Group, Inc. (EXPE) has entered into a definitive agreement to acquire Liberty Expedia Holdings, Inc. (LEXEA, LEXEB) in an all-stock deal that will simplify Expedia’s ownership structure. Holders of Liberty Expedia’s Class A and Class B shares will receive 0.360 shares of Expedia’s common stock for each Liberty Expedia share. The transaction is expected to close in the summer of 2019.
Potter Anderson’s team served as Delaware counsel to Liberty Expedia and included partners Michael Tumas and Michael Reilly and associates David DiDonato and Elizabeth Bucilla.