John Malone re-elected to Expedia board one month after stepping down

John Malone

Less than one month after leaving the Expedia board, an SEC filing reveals that cable baron John Malone has been re-elected.

Liberty Interactive Corporation, a stockholder of Expedia, has two seats on Expedia’s board. William R. Fitzgerald resigned on Dec. 18 and Malone was elected yesterday to replace him.

It was a short time away from the Expedia board, where Malone had served from August 2005 until November 29, 2012.

Malone currently is the Chairman of the Liberty Board of Directors and CEO of Discovery Holding Company. From 1973 to 1996, Malone served as President and CEO of TCI. He currently serves on the Board of Directors for the Bank of New York, the Cato Institute, Expedia and The Nature Conservancy.

Malone is also the largest individual private landowner in the U.S. with 2.1 million acres of land.

Expedia is expanding its presence in Europe today with an announcement that it has acquired 61.6 percent of Trivago, a 7-year-old Düsseldorf, Germany-based hotel search company. Bellevue-based Expedia is paying $632 million for the stake, with the deal expected to close in the first half of next year.

Shares of Expedia are down two percent today, trading at about $59 per share. So far this year, shares of the company are up 105 percent.

  • http://twitter.com/Vroo Vroo (Bruce Leban)

    Why did he leave the board in the first place? What changed?