Private equity firm Apollo Global Management (APO) is exploring a bid for travel information service TripAdvisor (TRIP), people familiar with the matter told Bloomberg’s Ryan Gould. TripAdvisor, which is part of the Liberty Media conglomerate of companies, has been working with advisers after receiving takeover interest, the sources said. Shares of Tripadvisor are up about 3% to $27.31 following Bloomberg’s report.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on TRIP:
- TripAdvisor call volume above normal and directionally bullish
- TripAdvisor price target raised to $33 from $28 at Bernstein
- A New Cause for Concern: Tripadvisor Adds a New Corporate Activity and Growth Risk
- TripAdvisor price target raised to $23 from $20 at BMO Capital
- TripAdvisor price target raised to $31 from $25 at DA Davidson
Questions or Comments about the article? Write to editor@tipranks.com