Liberty Tripadvisor travel tips

More than two months after Tripadvisor formed an independent committee to mull a potential sale, there has been silence from both controlling shareholder Liberty Tripadvisor Holdings and Tripadvisor itself.

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Tripadvisor offered a muted outlook across its major businesses, and attributed the softness to changes in Google’s travel search results pages.

Tripadvisor stated this morning that a merger is not in the works for now.

It’s been two months since Liberty Tripadvisor announced it was exploring a potential sale of itself and Tripadvisor, which it controls. Tripadvisor, in turn, formed an independent committee to vet any deals.

Ever since Liberty Tripadvisor disclosed in early February that it was exploring a potential transaction in which itself and Tripadvisor would be acquired in an all-cash deal, speculation was rife that a private equity firm was behind the possible move.

Tripadvisor announced Monday that it was forming a special committee made up of independent directors of its board to review a potential acquisition by Liberty TripAdvisor Holdings, part of the Liberty Media empire run by Greg Maffei, which has long held a controlling stake in the travel company currently valued at $3.1 billion.

Tripadvisor said Monday it was reviewing a potential sale of the company to Liberty Tripadvisor, which has long held a controlling stake in the travel reviews site.