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Barry Diller Sells Shares in TripAdvisor for $300M

Barry Diller Sells Shares in TripAdvisor for $300MBarry Diller Sells Shares in TripAdvisor for $300M

Barry Diller stepped down as chairman of TripAdvisor after selling his 4.8 million shares to John Malone's Liberty Interactive, the travel site said Tuesday.

Liberty Interactive paid Diller and the Diller-von Furstenberg Family Foundation a total of about $300 million. Liberty will become the travel website's new majority shareholder.

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