TripAdvisor receiving takeover interest

Private equity firm Apollo Global Management has expressed interest in exploring a bid for TripAdvisor

Mar 7, 2024

Apollo has been very active in the travel industry over the past couple of decades. Apollo helped fund Expedia Group during the the beginning of the pandemic in 2020 when Expedia needed liquidity, and an Apollo SPAC merged with American Express Global Business Travel to take it public in 2022.

Key takeaways

  • Tripadvisor has formed an independent committee to vet any offers that may come and has retained a financial advisor;
  • Analysts and travel industry insiders look to private equity as likely suitors for Tripadvisor;
  • Big potential strategic partners, ranging from Booking Holdings to Expedia and Google, either wouldn’t be interested or might be scared away because of regulatory hurdles in the U.S. and abroad.

Get the full story at Skift (by subscription only) and Bloomberg (by subscription only)

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