Control of TripAdvisor is not at risk in the near-term, says chairman
TripAdvisor’s fate is not entirely in its own control. But recent speculation about the company’s ownership seems to have been overheated.
Since TripAdvisor’s initial public offering, controlling interest has been held by Liberty Interactive. Last August, the shares with controlling interest were spun off into a company called Liberty TripAdvisor Holdings.
It holds 57% voting interest in TripAdvisor, though it only has a 22% stake in TripAdvisor’s shares.
In an analyst’s report, Oppenheimer wrote that it sees the spinoff as the “precursor to a potential takeout scenario or an eventual combination that enables TRIP to consolidate the voting control in a cash/stock deal.”