Tripadvisor’s stock jumped 17% after Starboard Value revealed a significant stake in the online travel company, valued at $160 million. The move comes as Tripadvisor shares have been flat since the start of the year, having plummeted over 30% in 2024.
Starboard Value, known for pushing for changes such as new CEOs and cost cuts, has gained a reputation for acquiring significant shares in companies. The firm’s latest deal with Tripadvisor is its first major stake in the company.
Tripadvisor’s board of directors and management team expressed their commitment to driving long-term value for shareholders, but declined to comment on the news. This comes as the company recently created a special committee to explore potential options.
The news was first reported by The Wall Street Journal late Wednesday.
Source: https://www.cnbc.com/2025/07/03/tripadvisor-activist-starboard-value.html