As Liberty Interactive Corp. undefined preps for a spinoff of its stake in Expedia, other moves by the company may indicate that chairman John Malone may be looking ahead to a more transformative transaction. The question is whether the spin of Liberty Interactive's stake in travel booking site Expedia EXPE and other online assets is routine spring cleaning designed to present Wall Street with a simpler bundle of assets to value or indicates larger moves to come. Liberty Interactive suggests in the prospectus for the split that the new group could merge with Barry Diller's Expedia. The divestiture of Liberty Expedia, and the planned spinoff of CommerceHub Inc., come as Liberty Interactive prepares to invest in a Malone vehicle linked to the merger of Charter Communications Inc. (CHTR) and Time Warner Cable Inc. (TWC) .
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