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Market Chatter: Apollo Global Shows Interest in Mulling Bid for TripAdvisor
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Market Chatter: Apollo Global Shows Interest in Mulling Bid for TripAdvisor
Mar 6, 2024 8:40 AM

11:12 AM EST, 03/06/2024 (MT Newswires) -- Apollo Global Management ( APO ) is interested in mulling a bid for Tripadvisor ( TRIP ) , Bloomberg News reported Wednesday, citing people familiar with the matter.

After the travel information service company garnered takeover interest, it has been working with advisers, Bloomberg said, citing the unnamed sources.

A spokesperson for Apollo declined to comment, while a TripAdvisor ( TRIP ) representative didn't respond to Bloomberg's requests for comment, according to the report.

Apollo and TripAdvisor ( TRIP ) didn't immediately respond to MT Newswires' request for comment.

Tripadvisor ( TRIP ) shares rose 2% in recent trading Wednesday, while Apollo gained 0.5%.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 27.20, Change: +0.54, Percent Change: +2.03

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