Expedia said yesterday that it would buy back more than a third of its outstanding shares, consolidating control by its chairman, Barry Diller.

Mr. Diller, who is also chairman and chief executive of Expedia?s former parent, IAC/InterActiveCorp, would control 41 percent of Expedia stock after the buyback. His already dominant voting power will be increased further through his control of a separate class of shares.

Without elaborating on the reasons for the buyback or the source of the money to be used, Mr. Diller said the move reflected the board?s confidence in the company?s future.

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