Tripadvisor Stock Plunges After Possible Buyout Deal Is Scrapped

Key TakeawaysA possible deal for Tripadvisor was rejected Wednesday by a special committee considering alternatives for the online travel site, sending the company's shares down nearly 29%.The committee was formed in February after Tripadvisor's controlling shareholder said it was looking at potential transactions.The news of the abandoned deal came in the company's first-quarter financial report, which showed sales at its Tripadvisor brand fell in the period. A decision not to pursue a merger sent shares o ...