5 Bidders, 1 Last Week: New Details about the Tripadvisor Deal
Skift Take
With a bid coming across the table as late as last week, will Tripadvisor's proposed acquisition of Liberty Tripadvisor close as scheduled by June? If it gets that far, there could be all kinds of deal possibilities in Tripadvisor's future.
Who'd want to buy Tripadvisor and parent Liberty Tripadvisor?
It turns out that in the year since Tripadvisor announced a sales process, five parties submitted non-binding preliminary bids.
One from a strategic bidder, identified as Party 7 in a financial filing, came just six days ago — one month after Tripadvisor's announcement in December 2024 that it intends to buy parent Liberty Tripadvisor for $435 million.
It proposed to pay cash for all shares of Tripadvisor not owned by Liberty Tripadvisor for $18-$19; to buy Liberty Tripadvisor's common stock for $0.3080 per share, and to b
