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Stock Market & Financial Investment News

News Breaks
July 25, 2014
05:16 EDTTRIPTripAdvisor to acquire Viator for about $200M
TripAdvisor announced it has entered into an agreement to acquire Viator. Viator features more than 20,000 bookable tours and attractions and more than 600,000 reviews, photos, and videos submitted by travelers. Viator has more than 250 employees who will continue to work at the company's headquarters in San Francisco and offices in Las Vegas, London and Sydney. The acquisition is expected to close during Q3. Upon closing, Viator will be the fourth acquisition in 2014, following lafourchette, Tripbod, and Vacation Home Rentals. The purchase price for the transaction is approximately $200M, subject to adjustment, and will be payable substantially in the form of cash.
News For TRIP From The Last 14 Days
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January 23, 2015
07:21 EDTTRIPDeutsche cautious on travel stocks into Q4 results
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January 20, 2015
13:51 EDTTRIPOrbitz draws private equity interest as sale explored, Bloomberg says
Orbitz Worldwide (OWW) is working with an adviser to contact potential buyers and has drawn interest from private-equity funds and "other Internet companies," according to Bloomberg, citing people with knowledge of the matter. Shares of Orbitz are up over 10% after the report, while several other names in the online travel space, such as Priceline (PCLN), Expedia (EXPE), and TripAdvisor (TRIP) are also moving. Reference Link
13:43 EDTTRIPExpedia, TripAdvisor tick higher after report on Orbitz sale exploration
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