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TripAdvisor Acquires Cruise Assets

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TripAdvisor (NASDAQ: TRIP  ) is boosting its sea travel offerings with a new acquisition. The company announced it has acquired "key technology and talent" from privately held CruiseWise, a sea vacation booking site. The terms of the deal were not disclosed.

TripAdvisor said that the CruiseWise team, and the company's non-transactional functionality, would be absorbed into Cruise Critic. This is a unit TripAdvisor acquired with its purchase of The Independent Traveler in 2007.

The CruiseWise buy is the latest in a string of acquisitions for the online travel operator. Less than a month ago, it announced it purchased high-end booking site jetsetter.com.


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Eric Volkman
TMFVolkman

Eric has been writing about stocks and finance since the mid-1990s, when he lived in Prague, Czech Republic. Over the course of a varied career, he has also been a radio newscaster, an investment banker, and a bass player in a selection of rock and roll bands. A native New Yorker, he currently lives in Los Angeles.

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Related Tickers

7/29/2015 11:51 AM
TRIP $79.79 Up +0.45 +0.57%
TripAdvisor CAPS Rating: ****

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