Annual report pursuant to Section 13 and 15(d)

Acquisitions

v3.22.0.1
Acquisitions
12 Months Ended
Dec. 31, 2021
Acquisitions  
Acquisitions

(4) Acquisitions

Acquisitions

Tripadvisor had no material acquisitions during the years ended December 31, 2021 and 2020. During the year ended December 31, 2019, Tripadvisor completed three acquisitions of businesses aggregating total purchase price consideration of $109 million. Tripadvisor acquired 100% ownership of the following: SinglePlatform, an online content management and syndication platform company based in the U.S.; BookaTable, an online restaurant reservation and booking platform company based in the U.K.; and Restorando, an online restaurant reservation and booking platform company based in Argentina.  Tripadvisor paid cash consideration of $107 million, net of $2 million of cash acquired.  

The following table presents the final purchase price allocation for the 2019 acquisitions as recorded on our consolidated balance sheet:

Year ended 

December 31,

2019

    

amounts in millions

Goodwill (1)

$

88

Intangible assets

 

26

Net tangible assets (liabilities)

(5)

Total purchase price consideration

$

109

(1) Goodwill of $53 million is not deductible for tax purposes.

Intangible assets acquired during 2019 were comprised of trademarks of $2 million, customer lists and supplier relationships of $10 million, subscriber relationships of $6 million and technology and other of $8 million. The overall weighted-average life of the intangible assets acquired in the purchase of these businesses was 6 years, and are being amortized on a straight-line basis over the estimated useful lives from acquisition date.