Liberty Interactive Corporation ("Liberty", formerly known as Liberty Media
Corporation) owns interests in subsidiaries and other companies which are
primarily engaged in the video and on-line commerce industries. Through our
subsidiaries and affiliates, we operate in North America, Europe and Asia. Our
principal businesses and assets include our consolidated subsidiaries QVC, Inc.
("QVC"), TripAdvisor, Inc. ("TripAdvisor"), Provide Commerce, Inc. ("Provide"),
Backcountry.com, Inc. ("Backcountry"), Bodybuilding.com, Inc. ("Bodybuilding"),
and Celebrate Interactive Holdings, LLC ("Celebrate") and our equity affiliates
Expedia, Inc. ("Expedia") and HSN, Inc. ("HSN").
On September 23, 2011, we completed a split-off (the "LMC Split-Off") of our
wholly owned subsidiary, Liberty Media Corporation ("LMC" and formerly known as
Liberty CapStarz, Inc. and prior thereto Liberty Splitco, Inc.).