Tripadvisor to acquire Liberty TripAdvisor for $435m.

Tripadvisor, a company that operates as a family of brands that connects people to experiences worth sharing, agreed to acquire Liberty TripAdvisor, a travel guidance platform, for $435m. "We are pleased with the agreement reached with Liberty TripAdvisor, and I want to thank the Special Committee for its diligent work on behalf of all stakeholders. The transaction presents a unique and favorable opportunity to simplify our capital structure, create strategic flexibility, and retire a large portion of our shares, while maintaining a healthy balance sheet. We believe this transaction marks a new era for Tripadvisor and we are excited to continue to pursue our strategic vision across travel and experiences," Matt Goldberg, Tripadvisor President & Chief Executive Officer.