Liberty Interactive Buys Controlling Stake in TripAdvisor
December 11, 2012 at 10:50 AM EST
Shares of TripAdvisor (NASDAQ: TRIP ) rallied strongly higher on Tuesday after it was announced that Liberty Interactive (NASDAQ: LINTA ) had purchased a controlling stake in the company. Shares were up about nine percent early Tuesday, trading near $41.90. Liberty Interactive acquired 4.8 million shares of TripAdvisor at