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TripAdvisor agres to acquire Viator.


TripAdvisor (NASDAQ: TRIP) said it has entered into an agreement to acquire Viator, a leading resource for researching and booking destination activities around the world.

Viator features more than 20,000 bookable tours and attractions and more than 600,000 reviews, photos, and videos submitted by travelers.

Viator works with local operators to provide travelers with access to tours and activities in popular destinations worldwide. Travelers can book online in advance, and in destination via the Viator Tours and Activities App. In addition to its consumer-direct business, Viator also provides local experiences to more than 3,000 affiliate partners, including some of the world's top airlines, hotels and travel agencies.

Subject to the completion of customary conditions, the acquisition is expected to close during the third quarter of 2014. 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 USD200m, subject to adjustment, and will be payable substantially in the form of cash.

TripAdvisor offers trusted advice from real travelers and a wide variety of travel choices and planning features with seamless links to booking tools. TripAdvisor, Inc. manages and operates websites under 23 other travel media brands.

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Publication:Internet Business News
Date:Jul 25, 2014
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