Key Developments: TripAdvisor Inc (TRIP.O)
61.51USD
22 May 2013
$-0.83 (-1.33%)
$62.34
$62.26
$63.57
$61.00
2,050,651
1,931,511
$63.57
$28.63
Latest Key Developments (Source: Significant Developments)
TripAdvisor Inc Announces Acquisition Of Technology And Talent From Cruisewise Inc
TripAdvisor Inc announced it has acquired key technology and talent from CruiseWise Inc. the former online cruise booking agency. The team and non-transactional functionality will be integrated into the online cruise guide, Cruise Critic, a TripAdvisor brand. Terms of the acquisition will not be disclosed. Full Article
TripAdvisor Inc Acquires Jetsetter.com
TripAdvisor Inc announced it has acquired Jetsetter.com, members-only private sale site for hotel bookings. The Jetsetter brand will continue to operate out of New York City and will be incorporated into Smarter Travel Media. Terms of the acquisition will not be disclosed. Full Article
TripAdvisor Inc Acquires Tiny Post
TripAdvisor Inc announced that it has acquired Tiny Post (tinypost.co), the app that lets to write over photos and turn them into stories. The Tiny Post team will be based in TripAdvisor's Palo Alto office. Terms of the acquisition will not be disclosed. Full Article
TripAdvisor Inc Announces Appointment Of Chairman-Form 8-K
TripAdvisor Inc reported in its Form 8-K that on February 12, 2013, Messrs. Maffei and Shean were elected to the Board. In addition, Mr. Maffei was elected Chairman of the Board and designated to serve on the Compensation Committee of the Board and the Executive Committee of the Board, and Mr. Shean was designated to serve on the Executive Committee of the Board. Immediately prior to the election of Messrs. Maffei and Shean to the Board, the respective resignations of Messrs. Fitzgerald and Zeisser became effective. Full Article
Liberty Interactive Corp Acquires Voting Control Of TripAdvisor Inc
Liberty Interactive Corp and TripAdvisor Inc ("TripAdvisor") announced that Liberty has purchased a total of 4,799,848 shares of common stock of TripAdvisor from Barry Diller and The Diller-von Furstenberg Family Foundation at a price of $62.50 per share. As part of the transaction, Mr. Diller`s right to control the vote of the shares of TripAdvisor`s common stock and Class B common stock that are beneficially owned by Liberty has been terminated and Liberty now controls a majority voting stake in TripAdvisor. Giving effect to the transactions, Liberty owns and controls 18,159,752 shares of common stock and 12,799,999 shares of Class B common stock of TripAdvisor, representing approximately 22% of the equity and 57% of the total votes of all classes of TripAdvisor common stock. Liberty has attributed the shares of TripAdvisor common stock that it owns to its Liberty Ventures tracking stock group. Full Article
TripAdvisor Inc Reaffirms FY 2012 Revenue Guidance-Conference Call
TripAdvisor Inc announced that it continues to expect fiscal 2012 total revenue growth in the high teens. The Company reported revenue of $637 million in fiscal 2011. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $757 million for fiscal 2012. Full Article
TripAdvisor Inc Acquires Wanderfly
TripAdvisor Inc announced it has acquired Wanderfly, a travel inspiration site. Terms of the acquisition will not be disclosed. Full Article
TripAdvisor Inc Reaffirms FY 2012 Revenue Guidance-Conference Call
TripAdvisor Inc announced that it is sticking with the high teens revenue growth for fiscal 2012. The Company reported revenue of $637 million in fiscal 2011. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $758 million for fiscal 2012. Full Article
TripAdvisor Inc Reaffirms FY 2012 Revenue Guidance-Conference Call
TripAdvisor Inc announced that for fiscal 2012, it continue to expect total revenue growth in the high teens. The Company reported revenue of $637 million in fiscal 2011. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $760 million for fiscal 2012. Full Article
Expedia, Inc. Completes Spin-off Of TripAdvisor, Inc.
Expedia, Inc. announced the completion of the spin-off of TripAdvisor, Inc. to Expedia, Inc. stockholders. Immediately prior to the spin-off, Expedia, Inc. effected a one-for-two reverse stock split. As a result, holders of Expedia common stock as of immediately prior to the effective time of the spin-off, which occurred after the close of trading December 20, 2011, became entitled to receive one share of TripAdvisor common stock and one share of Expedia common stock for every two shares of Expedia common stock held immediately prior to the completion of the spin-off. A favorable ruling from the IRS with respect to spin-off related matters was previously received. Beginning tomorrow, December 21, 2011, TripAdvisor will trade regular way as a separate publicly traded company on the Nasdaq Global Market under the symbol TRIP and the remaining businesses of Expedia, Inc. will continue to trade under the EXPE symbol. Full Article
TripAdvisor sees marketing costs rising in 2013
- Travel website operator TripAdvisor Inc forecast its costs would increase more quickly than revenue in 2013, overshadowing a better-than-expected fourth-quarter profit and sending its shares down 10 percent in after-market trading.
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