Liberty Interactive (LINTA) is one of two tracking stocks created in May 2006 for Liberty Media, which owns a broad range of businesses, including electronic retailing, cable television, video programming, media, broadband distribution, and interactive technology services. The tracking stocks were created to unlock the value of Liberty Media, which was trading at a discount. Liberty Interactive comprises the following businesses -- QVC, home shopping through TV and the Internet Provide Commerce, which retails perishables such as flowers, meats, fruits and candies through its website BUYSEASONS, that operates BuyCostumes.com, an online retailer of costumes, accessories, decor and party supplies and Backcountry.com the operator of leading outdoor and action sports eCommerce sites (Backcountry.com, BackcountryOutlet.com, TramDock.com, DogFunk.com, SteepandCheap.com and WhiskeyMilitia.com). Liberty Interactive also includes Liberty Media's 25% stake in Expedia, an online travel agency, 24% interest in IAC/InterActiveCorp, and 20% interest in GSI Commerce, which offers e-commerce solutions to brick and mortar retailers. In addition to the U.S., the company operates in Europe, South America and Asia.

Liberty Media's other tracking stock is Liberty Global group, which includes all of Liberty's assets that are not attributed to the Liberty Interactive group, including Liberty's interests in Starz Entertainment Group and News Corporation.

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