Starboard Acquires a 9% Stake in Tripadvisor
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The shares of the travel review company have fallen after previously rejecting takeover bids. Activist investor Starboard Value has built a 9% stake in Tripadvisor after the online travel review company turned down acquisition offers last year. Details of the investment Starboard, the investment firm of Jeff Smith, holds a stake worth approximately $160 million. This makes Starboard one of the largest shareholders in the company. The investment was disclosed in a regulatory filing on July 3, 2025, confirming an earlier report from the Wall...
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