Business

TripAdvisor buys hotel-reviews site

TripAdvisor has purchased the hotel review website Oyster.com for an undisclosed amount.

The travel website operator said in a Tuesday press release that Oyster.com, which carries reviews and photographs for about 150 cities, will be folded into its Smarter Travel Media segment.

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Oyster.com will remain based in New York City.

TripAdvisor Inc. is based in Newton.

TripAdvisor shares fell 1.5 percent to $73.87 on Tuesday.

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