TripAdvisor Acquires Niumba.com

Published On May 15, 2013 |

TripAdvisor, Inc. (NASDAQ: TRIP) acquired Niumba.com, a vacation rentals website.

The amount of the acquisition was not disclosed. Reports said the sum could be approximately just over €12m.

Led by María José González-Barros, Niumba features more than 230,000 properties globally and will bring to TripAdvisor a large collection of Spanish vacation rentals (more than 120,000 properties).

Following the transaction, Niumba will continue to operate as an independent brand and website from its offices in Madrid. The company’s listings will remain on Niumba.com and will soon additionally be featured on TripAdvisor and Holiday Lettings.

Earlier in May, TripAdvisor had acquired Cruisewise (read here).

FinSMEs

15/04/2013

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