Report: Tripadvisor Considering Takeover Bid From Apollo Global Management

Tripadvisor is reportedly considering a takeover bid from Apollo Global Management.

The travel information service has been working with advisers to consider any takeover interest since last month after its board authorized talks on a possible acquisition, Bloomberg reported Wednesday (March 6).

Apollo Global Management has expressed interest in such a bid, the report said, citing unnamed sources.

The deliberations are in their early stages, and may not result in a deal, according to the report.

Neither Apollo Global Management nor Tripadvisor immediately replied to PYMNTS’ request for comment.

As of Wednesday, Tripadvisor is valued at about $3.5 billion, according to the report.

The company’s largest shareholder is Liberty Tripadvisor Holdings, which controls 21.1% of its stock and 56.9% of voting power in the company, the report said. Other shareholders include BlackRock and Vanguard Group, each of which hold a stake of more than 10%.

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