Starboard Value plans majority overhaul of Tripadvisor board, WSJ reports

Tripadvisor engages with Starboard as activist seeks board control, sale

Feb 17 (Reuters) – Tripadvisor said on Tuesday its board and management held multiple discussions with activist investor Starboard Value, which owns ​about 9% of the company and has ‌accused it of failing to hold management accountable for “value destruction”. In a sharply worded letter on Tuesday, Starboard, said the online travel company’s shares have fallen nearly 50% ‌since ​CEO Matt Goldberg took over ⁠in 2022 and recently ⁠hit an all-time …

Starboard Value plans majority overhaul of Tripadvisor board, WSJ reports

Feb 16 : Activist investor Starboard Value plans to push for a major overhaul of Tripadvisor's board, and is preparing to nominate a majority slate for the company's eight-member board, the Wall Street Journal reported on Monday. Starboard now holds more than 9 per cent of the travel-site operator and i

Tripadvisor Issues Statement on Engagement with Starboard Value

Tripadvisor (TRIP) Stock: Activist Launches Hostile Takeover After 50% Crash

TLDR Starboard Value holds 9% stake in Tripadvisor and is nominating a majority of directors to the company’s eight-person board Tripadvisor shares have collapsed 50% over six months after weak earnings and concerns about AI competition The activist investor wants Tripadvisor to sell TheFork restaurant platform or explore a full company sale Tripadvisor’s $1.1 billion valuation trades at a discount to online travel peers like Airbnb, Expedia, a…

Tripadvisor Faces Shakeup as Activist Investor Starboard Seeks Control

Skift Take: Starboard Value will likely find plenty of support among Tripadvisor's long-suffering shareholders. Read the Complete Story On Skift