TripAdvisor Acquires Majority Stake in FlipKey - Newton, MA

TripAdvisor, a Newton-based, online provider of travel services, announced that it has acquired a majority stake in FlipKey, a privately held, Boston-based provider of online vacation rental reviews. FlipKey.com was launched in March 2008 and features 50,000 vacation homes, representing all 50 U.S. states. In addition to amassing vacation rental listings and consumer reviews of featured properties, FlipKey has an exclusive relationship with Instant Software, a property management software company, to provide a guest review platform for its clients. FlipKey content is expected to be integrated with TripAdvisor. Terms of the investment will not be disclosed.

http://blog.flipkey.com/