Tripadvisor agrees to sell TheFork to American Express unit for $700 million
Tripadvisor signed an equity purchase agreement on August 2, 2026, to sell its European restaurant reservation platform TheFork to American Express Travel Related Services Company for $700 million in cash, subject to adjustments. Closing requires regulatory approvals, including European antitrust clearances, and is expected by the end of 2026, so shareholders will not see the proceeds until then and the deal could still fail.
Key points
- Buyer will pay $700 million in cash on hand, subject to certain adjustments.
- If the deal is terminated for failure to clear regulatory or antitrust hurdles, Buyer owes a $35 million reverse termination fee.
- The Company completed the French works council consultation on July 30, 2026, and gave notice of exercise of the put option on August 1, 2026.
- Closing is expected by the end of 2026.
The filing
Written by AI on Nov 8, 2026, 6:59 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 03, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.