Reported about 14 hours ago
Activist investor Starboard Value has acquired over a 9% stake in online travel company Tripadvisor, valued at approximately $160 million, leading to a 7% increase in the company's stock price during after-hours trading. Tripadvisor's shares have fallen about 15% over the past year, prompting its board to explore various options, including a potential sale. Starboard is known for advocating operational changes at its investments and is expected to make a 13D regulatory filing soon.
Source: YAHOO