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Tripadvisor will repurchase its Series A and Series B common stock from Liberty TripAdvisor Holdings, which has held a controlling interest in the online travel company since 2012, in a deal valued at $435 million.
The companies announced the merger Thursday morning and the deal is expected to close in the second quarter of 2025. The
buyback represents about 19% of shares of Tripadvisor’s common stock and Class
B common stock.
“We are pleased with the agreement reached with Liberty TripAdvisor, and I want to thank the Special Committee for its diligent work on behalf of all stakeholders,” said Tripadvisor president and CEO Matt Goldberg.
“The transaction presents a unique and favorable opportunity to simplify our capital structure, create strategic flexibility, and retire a large portion of our shares, while maintaining a healthy balance sheet. We believe this transaction marks a new era for Tripadvisor and we are excited to continue to…
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