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 subscribe to his Google Group or e-mail him at wroush@xconomy.com. Follow @