TripAdvisor Has Already Spent $352 Million in Cash for 4 Acquisitions in 2014
TripAdvisor has really loosened its wallet and gotten aggressive about acquisitions so far in 2014 to keep up with the buying binges of the Priceline Group and Expedia Inc. as TripAdvisor is slated to pay $352 million in cash for four acquisitions so far this year.
That compares with just $31 million spent in cash, net of cash acquired, that TripAdvisor shelled out for six acquisitions in 2013, namely for TinyPost, Jetsetter, CruiseWise, Niumba, GateGuru, and Oyster.
Of the ten acquisitions so far in 2013 and 2014, TripAdvisor has only had to disclose the details on one, its pending acquisition of Viator for $200 million in cash, because the other ones were not material, or impactful enough, to TripAdvisor’s financials.
Of the $352 million to be paid in cash for the four acquisitions in 2014, $152 million in cash went to three acquisitions that TripAdvisor announced in May 2014, for VacationHomeRentals; Tripbod, a peer to peer tour guide service, and Lafourchette, the restaurant reservations platform for restaurants in France, Spain and Switzerland, according to a TripAdvisor Securities and Exchange Commission filing.