DivestmentNov 2, 2026, 07:11 AM
Tripadvisor Sells TheFork Platform to American Express for $700M
AI Summary
Tripadvisor, Inc. has completed the sale of its European online restaurant reservation and management platform, TheFork, to American Express Travel Related Services Company, Inc. for $700 million in an all-cash transaction. The deal, finalized on November 1, 2026, includes a 12-month transition services agreement. Tripadvisor plans to discuss this significant divestment during its upcoming third quarter 2026 earnings call.
Key Highlights
- Tripadvisor, Inc. sold its online restaurant reservation and management platform, TheFork, to American Express Travel Related Services Company, Inc.
- The sale was completed on November 1, 2026, for $700 million in an all-cash transaction.
- A Transition Services Agreement was entered into, with Tripadvisor providing services to the buyer for 12 months.
- The transaction is considered a significant disposition by Tripadvisor.
- Tripadvisor expects to discuss the transaction in its third quarter 2026 earnings call on November 5, 2026.
Price Impact
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