Tripadvisor considering a potential sale

The company has formed a special committee to evaluate proposals that may result in a deal, sending its shares up 14.2% in extended trading

Feb 13, 2024

According to a statement released on the company’s website, the special committee will comprise independent members of Tripadvisor’s board of directors and have a mandate to “evaluate any proposals that may be brought forward for a potential transaction, and any alternatives thereto, with regard to Tripadvisor.”

Key takeaways

Potential proposals "include those that may arise in the future as a result of the recent Liberty TripAdvisor Holdings Inc. ("LTRP") disclosure of its intent to evaluate potential alternatives involving LTRP and Tripadvisor," the statement added;

The company cautioned that no transaction was assured, and the committee "has not made any decisions with respect to a potential transaction." It added that a possible deal would be subject to further checks and balances and require the approval of both the board and special committee;

Tripadvisor will release its fourth quarter and full-year 2023 financial results on Wednesday after the closing bell.

Get the full story at Investopedia

Read also Is Tripadvisor losing its relevance for hotels?

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