TripAdvisor buys hotel-reviews site

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

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

Advertisement 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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