TripAdvisor Inc., the Newton-based travel website, said it has agreed to buy Viator, a resource for researching and booking destination activities around the world, for about $200 million, subject to adjustment.
Viator features more than 20,000 bookable tours and attractions and has more than 600,000 reviews, photos, and videos submitted by travelers. The company has just over 250 employees in offices in San Francisco, its headquarters; Las Vegas; London; and Sydney. According to its website, TripAdvisor employs about 2,300 people.
“Viator will be a great addition to the TripAdvisor family, as online and mobile bookings for attractions and activities represents a huge opportunity for our business,” TripAdvisor president and chief executive Stephen Kaufer said in a statement. The acquisition is expected to close during the third quarter of 2014.
TripAdvisor has made several acquistions over the past 14 months, including Vacation Home rentals, a Newburyport-based website, in May. Shares of TripAdvisor recently slumped more than 5 percent after the travel service posted lower-than expected second-quarter adjusted earnings.
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