Liberty Interactive said it would spin off online retailer BuySeasons and its stake in travel website TripAdvisor, as part of a plan to split itself into three.
Liberty TripAdvisor Holdings would hold the two website investments while two new tracking stocks would hold the rest of the company, Liberty Interactive said in a statement.
Liberty Digital Commerce will include the company's other e-commerce companies.
Liberty Interactive holds a 22 percent economic interest and 57 percent of the voting stock of TripAdvisor, a tourism review site spun off from online travel agency Expedia.
Liberty Media chairman John Malone has bought and sold cable and media companies for decades and is known as the "King of Cable".
His Liberty Interactive took control of TripAdvisor from media mogul Barry Diller in December.