Mergers & Acquisitions ·
TripAdvisor executed an Equity Purchase Agreement with American Express to sell its European online restaurant…
TRIPTripAdvisor, Inc.
TripAdvisor executed an Equity Purchase Agreement with American Express to sell its European online restaurant reservation and management platform, TheFork, for $700 million in cash. The transaction follows the completion of mandatory French labor consultations and is subject to regulatory approvals, including antitrust clearances in Europe, with closing expected by the end of 2026. If the deal fails due to regulatory hurdles, American Express must pay a $35 million reverse termination fee. TripAdvisor operates in the online travel technology industry.