Activist Starboard Value takes stake in online travel company Tripadvisor, stock jumps


FILE PHOTO: Tripadvisor app is seen on a smartphone in this illustration taken February 27, 2022. REUTERS/Dado Ruvic/Illustration/File Photo

(Reuters) -Activist investor Starboard Value has built an over 9% stake in online travel firm Tripadvisor, a person familiar with the matter said on Wednesday.

News of Starboard's stake, which is valued at roughly $160 million, pushed Tripadvisor's share price up 7% in after hours trading.

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