- The merger between Tripadvisor, Inc. and Liberty TripAdvisor Holdings, Inc. has been approved.
- Transaction will convert LTRPA and LTRPB shares into cash totaling approximately $20 million.
- Tripadvisor (TRIP) will continue to be listed on Nasdaq; Liberty TripAdvisor shares to cease OTC quotation.
Liberty TripAdvisor Holdings, Inc. (OTCMKTS: LTRPA, LTRPB) announced the approval of its merger with Tripadvisor, Inc. The decision was made during a virtual special meeting of stockholders held on April 24, 2025. The merger involves Liberty TripAdvisor becoming an indirect wholly owned subsidiary of Tripadvisor, with an expected effective date of April 29, 2025.
As part of the merger, the shares of Liberty TripAdvisor's Series A and Series B common stock will be converted into the right to receive $0.2567 per share in cash, culminating in an aggregate payout of approximately $20 million. Additionally, all outstanding shares of Liberty TripAdvisor’s 8% Series A Cumulative Redeemable Preferred Stock will be converted into $42,471,000 in cash and 3,037,959 shares of Tripadvisor common stock.
The shares of Liberty TripAdvisor (LTRPA, LTRPB) will cease to be quoted on the OTCQB Venture Market upon the merger's completion. A certification on Form 15 will be filed with the SEC to terminate the registration of these shares under the Exchange Act, effectively suspending Liberty TripAdvisor’s reporting obligations.
Following the merger, Tripadvisor, Inc.'s common stock will continue trading on the Nasdaq Stock Market under the ticker symbol "TRIP". The merger reflects Tripadvisor's ongoing strategic efforts to consolidate and enhance its market position within the travel and experiences sector.
