Mergers & Acquisitions ·
TripAdvisor, Inc. entered into a put option agreement with American Express Travel Related Services Company, Inc. to…
TRIPTripAdvisor, Inc.
TripAdvisor, Inc. entered into a put option agreement with American Express Travel Related Services Company, Inc. to sell its European online restaurant reservation and management platform, TheFork, to the buyer for $700 million in an all-cash transaction. The transaction is subject to regulatory approvals, customary closing conditions, and mandatory French Works Council consultation. The transaction is expected to be completed by the end of 2026. TripAdvisor, Inc. operates in the travel and tourism technology industry by providing online travel and restaurant reservation services.