Tripadvisor to Merge with Liberty Tripadvisor
12.20.24
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The Firm is representing funds managed by Certares Management LLC in connection with the announced agreement by Tripadvisor, Inc. to acquire Liberty TripAdvisor Holdings, Inc. in a transaction valued at approximately $435 million. The shares of Liberty TripAdvisor's 8% Series A Cumulative Redeemable Preferred Stock, all of which are held by Certares, will be converted in the merger into the right to receive shares of Tripadvisor common stock. The transaction is expected to close in the second quarter of 2025.
Liberty TripAdvisor consists of its subsidiary TripAdvisor, which operates as a family of brands that connects people to experiences worth sharing and aims to be the world’s most trusted source for travel and experiences.
The Simpson Thacher team for this transaction includes Anthony Vernace, Adam Cromie, Corinne Belkoff and Ellen Gao (M&A); Andrew Purcell and Ruoxi Zhang (Tax); and Jeannine McSweeney and Courtney Thomson (ECEB).