Liberty Interactive completes CommerceHub spinoff

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22 Jul, 2016 | 17:51

Author Urooj Janjua
Theme Technology, Media & Telecom

Liberty InteractiveCorp. completed its spinofffrom unit CommerceHub Inc. on July 22.

CommerceHub's series A and C common stock will start July 25in the "regular way" on the Nasdaq Global Market under the symbols CHUBA,CHUBK. The CommerceHub series B common stock will be quoted on the OTC Markets underthe symbol CHUBB, beginning July 25.

In November 2015, Liberty Interactive disclosed plans to spinoff two newly formed companies –– CommerceHub Inc. and Liberty Expedia HoldingsInc. — to holders of its Liberty Ventures Group stock.

CommerceHub will comprise the CommerceHub business. Liberty ExpediaHoldings will include Liberty Interactive's entire ownership interest in and Liberty Interactivesubsidiary Bodybuilding.com LLC.