More than two months after Tripadvisor (TRIP) formed an independent committee to mull a potential sale, “there has been silence from both controlling shareholder Liberty Tripadvisor Holdings and Tripadvisor itself,” but “that may change soon when both companies report quarterly results on May 8,” said Skift’s Dennis Schaal. Private equity firm Apollo Global (APO) is “still a suitor,” as reported in early March, and “there has been ample interest from other parties,” according to the report, citing a source.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TRIP:
- TripAdvisor price target raised to $20 from $18 at Jefferies
- TripAdvisor price target raised to $28 from $23 at Citi
- TripAdvisor call volume above normal and directionally bullish
- TripAdvisor price target raised to $28 from $18 at Truist
- Apollo has shown interest in bidding for TripAdvisor, Bloomberg says
