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- Starboard Value builds over 9% stake in Tripadvisor, WSJ reports</p>
<p>July 3, 2025 at 12:31 AM</p>
<p>(Reuters) -Activist investor Starboard Value has built an over 9% stake in online travel firm Tripadvisor, the Wall Street Journal reported on Wednesday.</p>
<p>Shares of Tripadvisor rose over 10% in extended trade after the news.</p>
<p>According to the report, the Jeff Smith-led investment firm has a stake valued at around $160 million based on Wednesday's closing prices.</p>
<p>The investment is expected to be revealed in a regulatory filing on Thursday, the report added, citing people familiar with the matter.</p>
<p>Tripadvisor and Starboard did not immediately respond to Reuters' requests for comment.</p>
<p>The stake would make Starboard one of Tripadvisor's largest shareholders, according to WSJ.</p>
<p>(Reporting by Nathan Gomes in Bengaluru; Editing by Alan Barona)</p>
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