Tripadvisor, Inc. announced the closing of its previously announced merger with Liberty TripAdvisor Holdings, Inc. On April 29, 2025, Tripadvisor acquired Liberty TripAdvisor and the Tripadvisor shares it held, marking a significant corporate restructuring.
The aggregate transaction value for the merger was approximately $430 million. Upon consummation, Tripadvisor retired 14,023,684 shares of its common stock and 12,799,999 shares of Class B common stock held by Liberty TripAdvisor, resulting in a net reduction of approximately 23.8 million shares outstanding.
This transaction simplifies Tripadvisor's capital structure into a single class of shares with no controlling stockholder, enhancing strategic flexibility. Concurrently, Tripadvisor finalized its redomestication by converting from the State of Delaware to the State of Nevada, a move approved by its stockholders in June 2023.
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