Reuters
Tripadvisor first disclosed in February that Liberty TripAdvisor Holdings, its controlling shareholder, had been approached by at least one bidder for its controlling stake in the travel agency. A special committee formed to explore options, including a potential sale, has determined there is no transaction with a third party that is in the best interests of the company at this time, Tripadvisor said on Wednesday. Tripadvisor reported a first-quarter loss of 43 cents per share on Wednesday, while analysts on average expected a profit of 2 cents, according to LSEG data.