Starboard takes a stake in Tripadvisor. How the activist may bolster value
CNBC: Investing
JULY 12, 2025
There are a few explanations behind this valuation disconnect. Since its spinoff from Expedia in 2011 and up until just a few months ago, Tripadvisor had poor governance: a controlled ownership by Liberty Media Corp, a dual class share structure and weak shareholder protections such as a plurality voting standard.
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