DivestmentAug 3, 2026, 04:59 PM
TripAdvisor Sells TheFork to Amex for $700M
AI Summary
TripAdvisor, Inc. has entered into a definitive Equity Purchase Agreement to sell its European online restaurant reservation and management platform, "TheFork," to American Express Travel Related Services Company, Inc. The all-cash transaction is valued at $700 million, subject to certain adjustments. This agreement follows the completion of the mandatory French labor law consultation process and is expected to close by the end of 2026, pending regulatory approvals.
Key Highlights
- TripAdvisor entered an Equity Purchase Agreement to sell its 'TheFork' business.
- American Express Travel Related Services Company, Inc. is the buyer.
- The all-cash transaction is valued at $700 million, subject to adjustments.
- The mandatory employee information and consultation process in France was completed on July 30, 2026.
- The Equity Purchase Agreement was executed on August 2, 2026.
- The transaction is subject to regulatory approvals, including antitrust clearances in Europe.
- Closing is expected by the end of 2026.
- A $35 million reverse termination fee is payable by Buyer if regulatory approvals fail.
Price Impact
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