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Starboard Value builds over 9% stake in Tripadvisor, WSJ reports
- Starboard Value LP revealed in a recent securities filing that it holds over a 9% ownership interest in Tripadvisor Inc., leading to a notable increase in the company's share price on Thursday.
- This disclosure follows Tripadvisor's special committee formation last year to explore potential options amid pressure from weaker travel demand and competition.
- Starboard Value, known for pushing changes like new CEOs and cost cuts, recently won board seats at Autodesk and is returning to consumer-facing investments.
- As of the close of trading on Wednesday, Starboard Value's investment in Tripadvisor was estimated to be worth approximately $160 million, with the company's shares rising up to 18% during early market activity.
- Starboard's stake signals activist engagement that could influence Tripadvisor's value unlocking, while the company's shares remain flat year-to-date after a 2024 decline over 30%.
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16 Articles
Activist investor Starboard builds 9% stake in Needham-based Tripadvisor - The Boston Globe
While Tripadvisor posted better-than-expected results in the first quarter, its core business remains under pressure from factors including increased competition and weaker travel demand.
These stocks got a boost as Starboard Value took a big stake in Tripadvisor
Here’s how Tripadvisor’s stock valuation stacks up with rivals such Expedia, Booking and Airbnb. Article Attribution | Read More at Article Source The post These stocks got a boost as Starboard Value took a big stake in Tripadvisor appeared first on RocketNews.
Tripadvisor stock surges 10% as Starboard Value builds sizable stake in online travel company - Overpasses For America
The Tripadvisor logo is displayed on a tablet. Mateusz Slodkowski | Sopa Images | Lightrocket | Getty Images Tripadvisor stock jumped 10% Thursday after Starboard Value revealed a more than 9% stake in the online travel company, according to a securities filing. The position was valued at about $160 million as of Wednesday’s close. Tripadvisor shares have been flat since the start of the year after plummeting more than 30% in 2024. Last year, t…
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