InteractiveCorp Buys TripAdvisor

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It was revealed in a recent announcement that InterActiveCorp is buying the travel search engine TripAdvisor. InterActiveCorp, based Manhattan, is using this purchase to increase its growing Internet presence.

According to InterActiveCorp, TripAdvisor is the seventh most visited travel site, with customer reviews of travel facilities hovering around 90,000. TripAdvisor receives in the area of $20 million a year from travel business that is done through the site.

This acquisition, paired with InterActiveCorp’s ownership of Expedia.com and Hotels.com, adds to IAC’s growing list of Internet properties that owner Barry Diller has purchased. The company also has ownership of the Home Shopping Network and Match.com.

Terms of deal were not disclosed.

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InteractiveCorp Buys TripAdvisor
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