Saturday, April 9, 2011

HII Update + Another Spinoff

Huntington released an 8k with their executive comp details and it looked pretty tame. I'll take a pass.

In other spinoff news, interesting to see John Malone's name crop up in the latest - as a major (indirect) shareholder in Expedia. Of course with his interest in it, there will probably be a lot of close analysis of the transaction.

It's quite interesting that the news was released on the same day as news of justice department approval of Google's purchase of ITA (travel data). I know almost nothing about these companies but that looks like it could be neutral news for the Expedia chunk (they could commercialize their Best Fare Search data, little effect on hotwire) but very bad for Tripadvisor (as it becomes easier to order tickets after searching Google and their Hotpot/Places rating system grows). Yet market and analyst reaction seemed to focus on the value that can be unlocked for Tripadvisor.

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