Activist investor Starboard Value has taken a more than 9% interest in TripAdvisor (TRIP) after the online travel-review company spurned takeover bids in the past year, the Wall Street Journal’s Ben Glickman reports, citing people familiar with the matter. The activist had established a stake valued at roughly $160M, which would make it one of the top stakeholders in the company, the author says, noting that the investment is anticipated to announced in a regulatory filing Thursday.
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