TripAdvisor takes majority stake in FlipKey

TripAdvisor LLC, a Newton-based travel website specializing in user-generated reviews, yesterday said it has taken a majority stake in FlipKey.com, a vacation rental review site based in Boston. The parties did not disclose financial terms.

FlipKey, launched last March, features 50,000 vacation homes in all 50 states. "We believe we can help FlipKey become the leader in the space and, in turn, FlipKey content will satisfy a growing need for Trip Advisor users," Steve Kaufer, the TripAdvisor founder and chief executive, said in a statement.
(By Robert Weisman, Globe staff)