Expedia Inc., responding to speculation that drove its shares sharply higher, said on Friday it is not going private and is not spinning off its traveler networking business.

There was some speculation, according to one analyst, that Expedia (up $0.69 to $25.15, Charts) is working on a transaction to take the company private at $30 per share, spin off the TripAdvisor networking tool, and cut 400 employees, or 6 percent of its work force.

But Katie Deines, a company spokeswoman, said the basis for speculation was wrong. "Expedia is not going private. We are not spinning off TripAdvisor and we're not eliminating jobs," Deines said.

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