TripAdvisor Books Deal to Buy Flight App GateGuru

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Published June 19, 2013

| FOXBusiness

TripAdvisor (TRIP) agreed to buy mobile flight app GateGuru, as the online travel agency continues to expand its digital portfolio.

GateGuru, an app that provides flight and airport information, launched in December 2009. Massachusetts-based TripAdvisor said the company will continue to operate out of New York.

Financial terms of the deal were not disclosed.

“GateGuru nicely complements our existing flights products and we look forward to working with the GateGuru team as they continue to manage the GateGuru app and add great functionality to the TripAdvisor mobile experience,” Steve Kaufer, co-founder and CEO of TripAdvisor, said in a statement.

Last month TripAdvisor, which was spun off in 2011 by Expedia (EXPE), acquired technology and certain talent from former online cruise booking company CruiseWise. In April, it purchased Jetsetter.com, a private sale website for hotel bookings. The company also reached a deal in March to acquire Tiny Post, an app that allows users to write over photos.

Rival online travel companies have also been active in recent months. Expedia bought a majority stake in Europe-focused Trivago for about $632 million, shortly after Priceline.com (PCLN) agreed to buy travel metasearch company Kayak Software (KYAK) for $1.8 billion.

Shares of TripAdvisor were trading 1% higher at $64.48 in early morning trading. The stock is up about 52% on the year.

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http://www.foxbusiness.com/technology/2013/06/19/tripadvisor-books-deal-to-buy-flight-app-gateguru/