M&A Deal Summary

TripAdvisor Acquires The Independent Traveler

On May 23, 2007, TripAdvisor acquired restaurant The Independent Traveler

Acquisition Highlights
  • This is TripAdvisor’s 1st transaction in the Restaurants sector.
  • This is TripAdvisor’s 3rd transaction in the United States.
  • This is TripAdvisor’s 1st transaction in New Jersey.

M&A Deal Summary

Date 2007-05-23
Target The Independent Traveler
Sector Restaurants
Buyer(s) TripAdvisor
Deal Type Add-on Acquisition

Target

The Independent Traveler

Pennington, New Jersey, United States
website
The Independent Traveler, Inc. is a provider of online travel guide services.

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Buyer(S) 1

Buyer

TripAdvisor

Needham, Massachusetts, United States

website


Category Company
Founded 2000
Sector Internet Software and Services
Employees2,196
Revenue 1.5B USD (2022)
DESCRIPTION

TripAdvisor is a provider of trusted advice from real travellers and a wide variety of travel choices and planning features with seamless links to booking tools. TripAdvisor branded sites make up the largest travel community in the world, with more than 260 million unique monthly visitors, and over 150 million reviews and opinions covering more than 3.7 million accommodations, restaurants and attractions. TripAdvisor was founded in 2000 and is based in Needham, Massachusetts.


DEAL STATS #
Overall 5 of 24
Sector (Restaurants) 1 of 1
Type (Add-on Acquisition) 5 of 22
State (New Jersey) 1 of 1
Country (United States) 3 of 14
Year (2007) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-03-01 SeatGuru.com

2000 Alaskan Way Suite 557, United States

SeatGuru.com with a single color-coded interactive airplane seating chart. Having experienced firsthand the vast differences between airline seats, he was determined to collect this useful information and share it with other travelers.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-02-01 eStuff

London, United Kingdom

HolidayWatchdog.com, one of the most popular travel review and advice websites in the UK.

Buy -