Tripadvisor Reaches Deal with Activist Investor Starboard Value, Agrees to Increase Board Size to 10

Tripadvisor has reached a deal with activist investor Starboard Value that could see the latter get four board seats. The agreement includes an immediate increase in the board size to 10, with two Starboard-affiliated directors joining the board. Starboard can nominate two additional directors, one independent and one of its choice. The investor will vote its shares in favor of Tripadvisor's nominees and proposals, subject to exceptions.