Printer Friendly

TripAdvisor closes purchase of Viator.

M2 EQUITYBITES-August 11, 2014-TripAdvisor closes purchase of Viator


11 August 2014 - US online travel research firm TripAdvisor Inc (NASDAQ:TRIP) announced today the completion of its deal to acquire local research and booking resources website Viator Inc.

With this move, TripAdvisor will be able to expand in the attractions and activities segment through the deployment of Viator's network, commented TripAdvisor president and chief executive Stephen Kaufer.

Viator's network includes over 20,000 bookable tours and attractions, as well as over 600,000 photos, reviews and videos from travellers. Viator's network offers booking in ten languages, in ten currencies and online in advance or in destination through the firm's app, the buyer added.

The purchase agreement was announced late in July, when TripAdvisor said it would pay about USD200m (EUR149m) in cash for Viator.

((Comments on this story may be sent to

COPYRIGHT 2014 Normans Media Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2014 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:M2 EquityBites (EQB)
Date:Aug 11, 2014
Previous Article:Mentor Capital declares second repurchase of 300,000 common stock.
Next Article:Alexza Pharmaceuticals unveils ADASUVE in Guatemala for schizophrenia or bipolar disorder, reflecting ADASUVE 's first approval in a Latin American...

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters