TripAdvisor Takes FlipKey Majority Stake
Wade Roush8/21/08
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.
Wade Roush is Xconomy's chief correspondent and editor of Xconomy San Francisco. You can e-mail him at wroush@xconomy.com or follow him on Twitter at twitter.com/wroush.
