Tripadvisor rules out a merger for now

An independent board committee has determined that at this time, there is no transaction with a third party that is in the best interests of the company and its stockholders

May 10, 2024

Skift reported that private equity firm Apollo Global Management was a likely suitor. There was speculation about whether other bidders were involved either in partnership with Apollo or independently.

Key takeaways

  • Tripadvisor is without a deep-pocketed partner for now;
  • Commenting about the lack of a merger in the works, Tripadvisor CEO Matt Goldberg said during the first quarter earnings call the company won’t become distracted and will continue to deliver on its multiyear transformation plans;
  • One option is to proceed with a spinoff of Viator into a separate public company. It had earlier plans to consider it, but it hadn’t been a priority before the buyout talks.

Get the full story at Yahoo! Finance

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