tripadvisor committee possible deals: Tripadvisor forms committee to explore possible deals
Centerview Partners will act as the financial adviser to the special committee, which will also look into the recent Liberty TripAdvisor Holdings’ disclosure of its intent to evaluate potential alternatives involving the two companies.
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Liberty TripAdvisor, an entity created at the time of the spin off of Tripadvisor from Liberty Interactive, owns a 21% stake in the online travel agency. “Liberty TripAdvisor is heavily indebted with a market cap of $89 million vs debt of $2.75 billion,” Bernstein analyst Richard Clarke wrote in a note.
“Liberty TripAdvisor likely would need to tap Tripadvisor’s balance sheet in some way to repay this debt,” Clarke added.
Tripadvisor is scheduled to report earnings on February 14. Analysts expect revenue of $374.4 million and earning of 22 cents per share, according to LSEG data.
Centerview Partners will act as the financial adviser to the special committee, which will also look into the recent Liberty TripAdvisor Holdings’ disclosure of its intent to evaluate potential alternatives involving the two companies.
Elevate Your Tech Prowess with High-Value Skill Courses
Offering College | Course | Website |
---|---|---|
IIT Delhi | IITD Certificate Programme in Data Science & Machine Learning | Visit |
Indian School of Business | ISB Professional Certificate in Product Management | Visit |
IIM Lucknow | IIML Executive Programme in FinTech, Banking & Applied Risk Management | Visit |
Liberty TripAdvisor, an entity created at the time of the spin off of Tripadvisor from Liberty Interactive, owns a 21% stake in the online travel agency. “Liberty TripAdvisor is heavily indebted with a market cap of $89 million vs debt of $2.75 billion,” Bernstein analyst Richard Clarke wrote in a note.
“Liberty TripAdvisor likely would need to tap Tripadvisor’s balance sheet in some way to repay this debt,” Clarke added.
Tripadvisor is scheduled to report earnings on February 14. Analysts expect revenue of $374.4 million and earning of 22 cents per share, according to LSEG data.