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TripAdvisor Takes FlipKey Majority Stake

Wade Roush 8/21/08

Newton, MA-based travel media network TripAdvisor said yesterday that it has acquired a majority stake in FlipKey, a Boston-based consumer review site for rental vacation homes. FlipKey was launched in March by TJ Mahony, Carl Query and Jeremiah Gall; Mahony and Query previously founded Boston-based web analytics and marketing firm Compete.com, which was purchased by London market research company TNS in March for $150 million. The terms of the FlipKey acquisition were not disclosed.

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