No Outside Suitors, Talks Ongoing With Controlling Shareholder

Skift Take

Tripadvisor has well-documented struggles of its own, but its relationship with Greg Maffei’s Liberty Tripadvisor has weighed down Tripadvisor for years.

Dennis Schaal

Tripadvisor is considering “strategic alternatives,” but they aren’t with a third-party suitor. Instead, discussions are ongoing with its controlling shareholder, Liberty Tripadvisor.

Liberty Tripadvisor CEO Greg Maffei told analysts Thursday that talks are “progressing” with Tripadvisor and its special committee, and they “remain focused on the rationalization of our capital structure.”

Tripadvisor had formed a special committee in February to consider a sale or other options.

In a financial filing Wednesday, Liberty Tripadvisor said Tripadvisor had “ceased discussions with third parties.”

Dual Class Stock Structure

Liberty Tripadvisor has an equity interest in Tripadvisor’s common stock and wields a majority of Tripadvisor’s…