TripAdvisor Spent $34.8 Million on 6 Acquisitions in 2013
TripAdvisor spent $34.8 million net of cash obtained on six acquisitions in 2013, its busiest year in terms of money spent since 2010 when it was still part of Expedia Inc.
Julie Bradley, TripAdvisor’s CFO, revealed the number February 11 during TripAdvisor’s fourth quarter earnings call, and it was also disclosed in TripAdvisor’s annual report filed the same day.
TripAdvisor had previously indicated in a financial filing last year that it spent $31.6 million for the five acquisitions it made in 2013 before it bought Oyster.com, its sixth purchase, in October.
All things being equal — and they probably aren’t given the complex manner in which public companies account for acquisitions — that would mean TripAdvisor paid around $3.2 million net of cash acquired to buy Oyster, although that number wasn’t immediately confirmed.